Lifestyle Nigeria gathered that the federal government has only released N2 billion from the N5 billion it offered to each states as palliative to cushion the impact of subsidy removal.

The reason for releasing N2 billion is to mitigate the obvious spike in inflation if N5 billion had been released.

Addressing journalists at his maiden press briefing in Abuja on Friday, the minister of finance and coordinating minister for the economy, Wale Edun, said the federal government was mindful of the consequences of its decisions, as a result, it opted to stagger the release of the palliative funds.

Wale Edun said the source of the fund is “a blend of grant to and borrowing by the state governments”.

Generally speaking, the finance minister said “the president is going to deliver a better life to Nigerians by encouraging investment that increases productivity that grows the economy and thereby creating jobs and reducing poverty”.

More Details Later…

A spokesperson for the Atiku Abubakar Presidential Campaign Council in the 2023 elections, Daniel Bwala, has tackled the Minister of the Federal Capital Territory (FCT), Nyesom Wike, over his threat to demolish buildings that are not in the original Master Plan of Abuja.

Bwala, who was a guest on Channels Television’s Politics Today on Thursday, said there are many important things the minister can focus on than demolition of structures.

He also argued that if the original Master Plan of the FCT must be followed, then the seat of power Aso Villa and some other government assets must be demolished as well.

“The FCT is not like the Ministry of Works; it is an Administration. There are many important things than demolition that makes up the Administration of the FCT,” Bwala said.

“Let’s even start with the demolition. He (Wike) said he wants to go back to the original Master Plan. If we may talk about the original Master Plan, let me tell you that the Aso Villa that sits the President, the seat of power is not in the original Master Plan, it must go down.

“Secondly, all the military barracks that you see within the FCT are not in the original Master Plan; then the military barracks must go down.

“Thirdly, the famous Asokoro you are hearing and the extension where all the governors in Nigeria either have liaison offices or their private homes, they are not in the original plan, they must go down. There are many Federal Government assets and building in strategic places that are not in the original Master Plan,” he said.

The Peoples Democratic Party (PDP) chieftain acknowledged that Wike, an ex-governor of Rivers State, has the capacity to deliver as a minister, he should calm down and get things done without fight.

After his inauguration as FCT minister by President Bola Tinubu on August 21, Wike had sounded a demolition warning to landlords of properties distorting the Master Plan of Abuja.

The minister, who was guest on Channels Television’s Politics Today programme on Wednesday, restated that members of the elite who distorted the original plan of the FCT should get ready for their houses to go down.

Popular Nollywood actor, Ninalowo Bolanle, on Friday, disclosed that he had parted ways with his wife, Bunmi.

Lifestyle Nigeria reports that Ninalowo In a lengthy post on his verified Instagram handle, @iamnino_b, said he had finally accepted the “reality of the end of a (sic) road”.

He said, “A sad reality i prayed, nutured and worked tirelessly hard never to experience for the sake of all. A sad reality i now have to accept as i realize that my kids are much grown with better sense of understanding and knowledge of my pain & struggles regarding them!

“A sad reality that screams that i wont live or be around forever and must take care of my health & mental state for the goodness of all.

“May God help me and reward me with all i truly deserve or punish me for all i have done wrong if that be the case. In the end we will all live with the consequences of our actions. .”