National Leader of All Progressives Congress , Bola Tinubu , has urged the Federal Government to make cash payments to households through Bank Verification Numbers to cushion the effects of COVID- 19 pandemic on Nigerians .

Tinubu , a former governor of Lagos State , gave the advice in a statement issued in Lagos on Wednesday.
He said payments could be made quickly by using the BVN of prospective recipients to make direct deposits into individual bank accounts .

The APC leader said the use of BVN would also be safer and not lead to violence and crime that might follow physical cash transfers.
Tinubu said this would encourage those without bank accounts to establish such accounts, adding that it would further bring millions of people into formal banking .

“ The money - less family still needs food, water , shelter and, to a lesser degree , utilities. In a compassionate society, they should not be made to do without.

“ Most families need relief. If relief is not forthcoming , these families risk hunger and its attendant suffering and woes ,” Tinubu said .
He said the palliative measures would blunt hunger , maintain aggregate demand in the domestic economy and help sustain private -sector markets to the extent possible .

Tinubu explained that such payments could be done in either one or in a combination of three ways .
He said , “ First , we can designate a stipend for every household. The amount should be enough to pay for the monthly needs of an ‘ average’ household for food and other basics .

“ While this may somewhat penalise larger families , perfection cannot be had at this time.
“ Second , the stipends could be given as a form of emergency unemployment insurance to those who can prove they were relieved of employment due to the crisis.

“ This will be more targeted at the actual victims of the crisis but harder to administer. This stipend will also have to be extended to owners of small and medium -sized businesses.

“ Third, the government can render some form of payroll support to companies and businesses that seek to retain workers albeit they may not be fully employed.

“ The stipend can help companies stay in operation while maintaining workers on their payroll . By maintaining workers , the company can more swiftly return to full operation when normalcy returns. ”
Tinubu said payment of these stipends would require hiring additional government workers to augment the existing bureaucracies to implement that programme.

According to him , this administrative requirement will help boost employment and aggregate consumer demand .

He said that activating Trader- moni and other programmes would help many small- scale traders but not the average wage earner who just lost his job.

mascot87:
This man would make a good president believe you me. Sentiment apart

Mrshape:
They want to make him look as if he his the saviour, they all planed what they are doing.

If you want to be a saviour from your billions share it to Nigerian using BVN, the banjs won't object,
FG will also share too,
Who no like better thing

Mrshape:

Their motive is already generating result. Think!

Light78:


Mrshape you suppose to be on the thread about 10k

StrikeBack:
Foolish fool.

Always late to the party.

This is the idiot they want to repackage and refurbish for 2023


We are waiting

Rollymax77:
Presidential material. i owe u a vote jagaban.

Rollymax77:
Presidential material. i owe u a vote jagaban.

Rollymax77:
Presidential material. i owe u a vote jagaban.

valentineuwakwe:
National Leader of All Progressives Congress , Bola Tinubu , has urged the Federal Government to make cash payments to households through Bank Verification Numbers to cushion the effects of COVID- 19 pandemic on Nigerians .
Tinubu , a former governor of Lagos State , gave the advice in a statement issued in Lagos on Wednesday.
He said payments could be made quickly by using the BVN of prospective recipients to make direct deposits into individual bank accounts .
The APC leader said the use of BVN would also be safer and not lead to violence and crime that might follow physical cash transfers.
Tinubu said this would encourage those without bank accounts to establish such accounts, adding that it would further bring millions of people into formal banking .
“ The money - less family still needs food, water , shelter and, to a lesser degree , utilities. In a compassionate society, they should not be made to do without.
“ Most families need relief. If relief is not forthcoming , these families risk hunger and its attendant suffering and woes ,” Tinubu said .
He said the palliative measures would blunt hunger , maintain aggregate demand in the domestic economy and help sustain private -sector markets to the extent possible .
Tinubu explained that such payments could be done in either one or in a combination of three ways .
He said , “ First , we can designate a stipend for every household. The amount should be enough to pay for the monthly needs of an ‘ average’ household for food and other basics .
“ While this may somewhat penalise larger families , perfection cannot be had at this time.
“ Second , the stipends could be given as a form of emergency unemployment insurance to those who can prove they were relieved of employment due to the crisis.
“ This will be more targeted at the actual victims of the crisis but harder to administer. This stipend will also have to be extended to owners of small and medium -sized businesses.
“ Third, the government can render some form of payroll support to companies and businesses that seek to retain workers albeit they may not be fully employed.
“ The stipend can help companies stay in operation while maintaining workers on their payroll . By maintaining workers , the company can more swiftly return to full operation when normalcy returns. ”
Tinubu said payment of these stipends would require hiring additional government workers to augment the existing bureaucracies to implement that programme.
According to him , this administrative requirement will help boost employment and aggregate consumer demand .
He said that activating Trader- moni and other programmes would help many small- scale traders but not the average wage earner who just lost his job.

source: https://punchng.com/covid-19-pay-relief-funds-to-households-through-bvn-tinubu-tells-fg/

ZombiePUNISHER:
Useless government

Just looking for easy ways to loot...

Simply use bvn and get palliatives to everyone is rocket science

Light78:


you are the reason why millions are suffering

I am very sure you sold your joy for 1k during the 2019 elections.

Why can't you chop them and vote someone else.

West1side:
He should have voted for the thief with the squeaky voice Peter Obi yeah ?