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N500bn subsidy palliative: Influential Northern governor very angry with Tinubu, and this is why

by Emerald Nigeria
July 14, 2023
in Economy
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The Kano state government has faulted the distribution of the federal government’s allocation of N500 billion through the Bank of Industry to support small-scale industries across the country’s geopolitical zones.

Kano state governor

Governor Abba Yusuf made the complaint during a meeting with representatives from the Kano cooperative society at the government house on Thursday evening.

He revealed that the distribution was heavily skewed, with Lagos state receiving 47 per cent of the allocation, followed by the South-South Zone with 17%, and other regions receiving significantly lower percentages.

Yusuf described the distribution mode as “unfair, unconstitutional, and illegal”. He called on relevant authorities and members of the National Assembly to rectify the situation and take appropriate action against those responsible.

He said the state government would support cooperative societies in their efforts to alleviate poverty and regain their influence.

The meeting was held as part of activities to commemorate the 2023 International Day of Cooperatives.

Yusuf, represented by his deputy, Aminu Gwarzo, reiterated his administration’s primary goal of eradicating poverty in Kano state

in a statement on Friday by the deputy governor’s spokesman, Ibrahim Shuaibu, Gwarzo emphasized the importance of cooperative societies as vehicles through which citizens can improve their lives and contribute to the overall development of their community and the nation.

Source: Punch
Tags: Ahmed Bola Tinubufuel subsidyKano statePalliative
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