News
Trump Signs Financial Package, To Share N455,000 Each To All Americans
United States President, Donald Trump, on Friday signed the $2.2 trillion financial package to alleviate the economic impact of coronavirus on citizens.
The signing followed House of Representatives’ approval of the bill.
The Senate had passed same on Wednesday.
“This will deliver urgently needed relief to our nation’s families, workers and businesses. And that’s what this is all about,” Trump said at a signing ceremony in the Oval Office.
The government will make $290 billion direct payments to Americans earning below $99,000 per annum.
They are expected to get up to $1,200 each and $500 per child.
That’s N455,000 and N190,000 respectively, using the N380 uniform exchange rate recently adopted by the Central Bank of Nigeria, CBN.
The package includes the payment of another $260 billion to jobless and laid-off workers for up to four months.
Small businesses with less than 500 employees and airlines will get a total of $881 billion as soft loans.
Over 3 million Americans have filed for unemployment benefits due to job losses caused by the outbreak.
U.S. has overtaken China and Italy as the worst-hit country.
The country currently has nearly 100,000 cases of the global pandemic, which has claimed nearly 30,000 lives.
News
Electricity, telecom tariffs increase unconscionable, should be stopped – Shehu Sani
Former lawmaker, Senator Shehu Sani, has described the planned increase in electricity and telecom tariffs as unconscionable.
The statement comes after the telecoms regulator last week approved the increase in mobile tariffs.
The federal government also recently said that plans were ongoing to increase electricity tariffs “over the next few months.”
However, Sani, who said the government’s plan is unreasonable, insisted that it should be halted.
The ex-lawmaker also expressed his support for the Nigeria Labour Congress (NLC) over the scheduled protest against the government’s proposal, calling it a welcome development.
“The planned increase in electricity tariffs in the midst of poor power supply and the proposal to increase telecom tariffs is unconscionable and should be halted. The scheduled labour union protest is a welcome development,” he posted on X.
News
Trump to cut off funding to South Africa, gives reason
The United States President, Donald Trump, has revealed his decision to cut off all future funding to South Africa, citing poor treatment of “certain classes of people.”
Trump made this known on Sunday in a post on Truth Social, his social media platform.
According to Trump, South Africa was seizing land and mistreating some citizens without concern for the violations of their rights.
“South Africa is confiscating land and treating certain classes of people VERY BADLY.
“I will be cutting off all future funding to South Africa until a full investigation of this situation has been completed!” Trump wrote.
Reports suggest that the American leader may be defending White South Africans, some of whom have alleged that the South African policy is unfair to them.
News
Telecoms tariff hike: Nigerian govt in last-minute move to avert NLC shutdown
There are indications that the federal government will on Monday meet with the Nigeria Labour Congress, NLC, to stop the planned Tuesday nationwide protest against the 50 percent telecommunications tariff hike.
A reliable source familiar with the matter, who preferred anonymity, disclosed this on Monday morning, noting that the meeting between the NLC leadership and the federal government is scheduled for 5 p.m. on Monday.
The source said the meeting was a “dialogue on matters of national interest as it affects Nigerian workers.”
According to the source, it will be an inter-ministerial meeting with the Secretary to the Government of the Federation (SGF), purposely to resolve issues raised by the NLC concerning the federal government’s approved upward adjustment to telecommunications tariffs, which the NLC, its allies, and others are vehemently opposing.
This comes as the NLC is already mobilizing workers for a mass protest tomorrow (February 4) against the 50 percent tariff hike approval.
On Thursday last week, in a letter to affiliate unions and state councils, NLC General Secretary Emma Ugboaja urged them to mobilize other Nigerians to send a serious message to the government.
The planned protest follows the 50 percent telecom tariff approval by the Nigerian Communications Commission (NCC) on January 20, 2025.
The approval had sparked widespread rejection among telecom subscribers.
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