Former federal lawmaker and activist, Senator Shehu Sani, has said he came across reports that N300 billion had been injected by the government to support ordinary Nigerians. He made this observation while assessing the Tinubu administration’s efforts to tackle poverty and ease the economic hardship confronting Nigerians.
During an interview with Channels Television, Sani explained that running a country goes beyond reading economics textbooks or strict adherence to neoliberal policies. He pointed out that Nigeria currently operates under a capitalist economic model shaped by market forces, devaluation, and international financial subscriptions.
He argued that while such measures look good on paper, they often fail to address the realities of a developing nation like Nigeria where most people live in poverty.
He welcomed the reported injection of N300 billion as a relief measure but questioned its actual impact on the people who need it most. Sani pointed out that simply transferring money into accounts offers only temporary relief because beneficiaries will still face hunger the next day.
He urged the government to channel such resources into empowering small and medium-sized enterprises, which would not only sustain livelihoods but also stimulate growth and spread the benefits of reforms across the grassroots.
As he stated, “I have read somewhere where they said 300 billion has been pumped into the common people as far as the issues of alleviating their suffering are concerned. Well, that’s a good one.”
“But to what kind of people? If you simply give people, send credits to the account of everyone here, when you use it to eat today, you have to need some money to survive tomorrow.”
“But if you can empower the small and medium enterprises, then you will see the growth (10:02) of the economy and the appreciation of these reforms at the lower level.Continue, Full, Reading>>>>
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