The Nigeria Labour Congress has faulted the disbursement of N5 billion loan to states as a palliative to cushion the impacts of the petrol subsidy removal.
In August, the federal government announced a N5 billion palliative package for each state of the federation, including the federal capital territory .Wale Edun, minister of finance and coordinating minister of the economy, said only N2 billion out of the N5 billion loan has been disbursed to the states.
“What is that N5 billion for? The federal government is giving allocations to state governments,” he said.“How does that concern us? Whether it is N5 billion or N10 billion, how does that concern labour? Is there any agreement about that?“That money is not for us . We are negotiating with the government. We are trying to look at the effects of the subsidy removal and we have not arrived at N5 billion for you to share N1,000 to people.
“Is N5 billion for palliative? That N5 billion, we don’t know what it is all about. There was no conversation around that N5 billion.
Source: Loan Digest (loandigest.net)
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