Another fraudulent scheme to siphon off public funds is the Mr. Bola Ahmed Tinubu’s palliative scheme to send N8,000 to 12 million low-income households for the upcoming six months. Phrank Shauibu, Atiku Abubakar’s special assistant for public communication and a member of the Peoples Democratic Party (PDP), made this accusation.
Shuaibu compared Tinubu’s request for an $800 million loan for palliative care to the COVIID-19 intervention funds, which allowed politicians to keep food and supplies in their homes while people living in poverty went without, according to the statement.
He said, “After announcing the removal of petrol subsidy without proper planning, Tinubu has asked for the approval of a $800m loan which he claims will be disbursed to 12 million households for six months at N8,000 for each household per month. This is a continuation of the scam of the All Progressives Congress.”
Shaibu argued that Tinubu’s only economic strategy was to tax Nigerians. He claimed that Tinubu has been exposed as an economic illiterate as a result of his deceptive ascent to the presidency. Tinubu boasted that he would “develop Nigeria’s economy” to resemble Lagos’, but this was all a con, according to Shuaibu. Statistics indicate that due to Lagos’ status as the former capital of Nigeria, more than 70% of the city’s revenue comes from income taxes paid by private businesses that have operated there for years. His only strategy, as it was in Lagos, is to tax Nigerians until they die. For this reason, the residents of Lagos rejected him in the most recent election. Tinubu claimed he would make Nigeria’s economy worth $1 trillion, but everything he said was a lie and is unattainable using his brand of “agberonomics.”
If Tinubu was truly serious about reviving the economy, he claimed, he should have concentrated on investing in the agricultural sector, subsidizing production, and working to achieve energy security, which is the foundation for fostering the desired economic growth from SMEs.
The economy of Nigeria is largely based on agriculture, he continued. He ought to have allocated money to agricultural production and other matters that had an impact on crop yields. The majority agrarian rural areas are plagued by insecurity. Currently, more than 200 people have died under Tinubu’s watch. He doesn’t appear to know how to deal with this threat, though.
“The so-called palliatives Tinubu wants to distribute to the underprivileged are merely another way to divert public funds. Since the so-called palliatives are all a scam, the Nigerian government has consistently rejected requests to publish a list of their recipients.
Tinubu needs to stop attempting to mislead Nigerians who are still experiencing the negative effects of his poor economic policies.
He added that there are worries that the APC will use this strategy to revive old strategies for buying votes, such as using public funds as cover.
No one should be in any doubt that the planned palliative is “The scheme is nothing but a means to use public funds to prosecute political crimes,” says Trader Moni 2.0.
It is even more telling that the current imposter administration is thinking about taking the initiative at a time when there is great anticipation for the Mrial election tribunal’s decision in the contentious election that put Tinubu into office.
“The APC is a political party that has fallen out of favor with the vast majority of Nigerians, and it is no accident that the party incontrovertibly introduced the threat of vote buying into Nigeria’s body politic in 2019 when it invented the charade of Trader Moni.
“More than N20 billion”, he claimed, was “wasted on corruption, kickbacks, fraud, and partisanship” during the administration of former President Muhammadu Buhari, according to a special investigation into the Trader Moni initiative.