Following President Bola Ahmed Tinubu's approval of 1 trillion palliative, which will see 3.7 million households getting monthly grants of 50 thousand Naira from his administration, former presidential candidate, Dele Momodu has taken to social media to react.
Recall that President Bola Ahmed Tinubu had announced a National Construction and Household Support Programme at the 142nd National Economic Council (NEC) meeting, which was held in Abuja few hours ago.
According to THE GUARDIAN, 100 thousand families in each state and the Federal Capital Territory (FCT), will receive 50 thousand Naira monthly subsidy through such Programme, adding that 10 billion Naira has been allocated for CNG buses and 155 billion Naira has also been earmarked for assorted food items in the 36 states and the FCT.
Such approval made by president Bola Ahmed Tinubu did not however, sit well with Nigerian businessman, Dele Momodu as he took to his official Instagram account to state that "for anyone who knows how to weaponize poverty, throwing money at everything becomes an addiction."
Speaking further, Dele Momodu recounted how former presidents, Goodluck Jonathan and Muhammadu Buhari distributed phones and money respectively to Nigerians without getting any significant results from such actions, adding that it is now the turn of president Bola Ahmed Tinubu.
Dele Momodu then stated that;
"Just in case he is not aware, let me break it down. 50k is approximately 30USD today. A scanty basket of tomatoes the last time my wife checked in Ibadan was N140k."
Dele Momodu finally opined that president Bola Ahmed Tinubu can channel such amount of money into producing 1 million entrepreneurs that will become millionaires by assisting them in their vocations, adding that Nigerian youths are hardworking and extremely gifted.
The PDP chieftain finally stated that throwing peanuts at Nigerians is only an extension of hopelessness, adding that they can do much better.
Here is Dele Momodu's post below;