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President Tinubu Has Approved The Establishment Of Infrastructure Support Fund - Politics - Nairaland

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President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by ryloy: 12:27am On Jul 21, 2023
President Bola Tinubu has approved the establishment of Infrastructure Support Fund (ISF) for the 36 States of the Federation as part of measures to cushion the effects of the petrol subsidy removal on the people.

The approval was disclosed at the monthly meeting of the Federation Account Allocation Committee (FAAC), on Thursday July 20, 2023, in Abuja.

The new Infrastructure Fund will enable the States to intervene and invest in the critical areas of Transportation, including farm to market road improvements; Agriculture, encompassing livestock and ranching solutions; Health, with a focus on basic healthcare; Education, especially basic education; Power and Water Resources, that will improve economic competitiveness, create jobs and deliver economic prosperity for Nigerians.

The Committee also resolved to save a portion of the monthly distributable proceeds to minimize the impact of the increased revenues-occasioned by the subsidy removal and exchange rate unification-on money supply, as well as inflation and the exchange rate.

Out of the June 2023 distributable revenue of 1.9 trillion Naira, only N907 billion will be distributed among the three tiers of government, while 790 billion will be saved, and the rest will be used for statutory deductions.

These savings will complement the efforts of the Infrastructure Support Fund (ISF) and other existing and planned fiscal measures, all aimed at ensuring that the subsidy removal translates into tangible improvements in the lives and living standards of Nigerians.

The Committee commends President Tinubu for the bold decision to remove the petrol subsidy, and even more importantly, for providing necessary support to the States to cushion the effects of the subsidy removal on Nigerians.

Dele Alake
Special Adviser to the President

Special Duties, Communications & Strategy

July 20, 2023

https://twitter.com/DOlusegun/status/1682132322462605318

20 Likes 2 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by Acekidc4(m): 12:56am On Jul 21, 2023
Normal Na!!

32 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by HacheNoire: 1:10am On Jul 21, 2023
His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has a master plan.


His strategy towards issues may be delayed, but be rest assured it will top-notch and effective.

His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has always invested so much time into planning, cos once he gets rolling, he is unstoppable. People who built the great pyramids of Egypt used same strategy.

55 Likes 7 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by Zxcvbnmghtr: 1:12am On Jul 21, 2023
They will still come here and complain.

grin

33 Likes 2 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by garriAndsugar: 1:37am On Jul 21, 2023
Mtcheww

3 Likes 2 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by limeta(f): 2:27am On Jul 21, 2023
The new Infrastructure Fund will enable the States to intervene and invest in the critical areas of Transportation, including farm to market road improvements; Agriculture, encompassing livestock and ranching solutions; Health, with a focus on basic healthcare; Education, especially basic education; Power and Water Resources, that will improve economic competitiveness, create jobs and deliver economic prosperity for Nigerians.[b][/b]



Fools paradise

30 Likes 3 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by beelon1020(m): 2:33am On Jul 21, 2023
This is for the masses o!
Make una no pocket this one too...
Abeg let the poor feed o!

3 Likes 1 Share

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by kettykings: 3:32am On Jul 21, 2023
Truth be told, Nigerians are the most gullible people on the face of the earth. Can you hear him about statutory deduction and savings now , please go and check his reaction when he was told obi saved several millions of dollars and billions of naira in Anambra

46 Likes 6 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by Funkyswagzz(m): 8:46am On Jul 21, 2023
HacheNoire:
His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has a master plan.


His strategy towards issues may be delayed, but be rest assured it will top-notch and effective.

His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has always invested so much time into planning, cos once he gets rolling, he is unstoppable. People who built the great pyramids of Egypt used same strategy.

See dem

18 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by broadman20: 8:46am On Jul 21, 2023
Hmmmmm!


Can anything good come from a man whose BUMBUM HAS BEEN LEAKING FOR YEARS NOW.

KEEP DECEIVING YOURSELF.

7 Likes 7 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by FalseProphet1(m): 8:47am On Jul 21, 2023
As usual the money would be looted by the elites, and the gullible masses would continue to suffer.

This I have seen.

10 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by sonnie10: 8:47am On Jul 21, 2023
I still remember when they mocked Peter Obi, saying that the Federal gov is not a savings account.,
Now they are employing the same model of savings as PO suggested

14 Likes 2 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by TinubuGoQuench(f): 8:47am On Jul 21, 2023
Presidiot Tilumbu the drug criminal.

$1 is now NGN860

Tufiakwa!!!

Bastard drug criminal

19 Likes 6 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by PortHarcourtcit(m): 8:48am On Jul 21, 2023
President TINUBU is the greatest of all time... Long live the president...

7 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by stanbright(m): 8:48am On Jul 21, 2023
HacheNoire:
His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has a master plan.


His strategy towards issues may be delayed, but be rest assured it will top-notch and effective.

His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has always invested so much time into planning, cos once he gets rolling, he is unstoppable. People who built the great pyramids of Egypt used same strategy.
Talking like a dog

10 Likes 1 Share

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by beyep: 8:48am On Jul 21, 2023
HacheNoire:
His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has a master plan.


His strategy towards issues may be delayed, but be rest assured it will top-notch and effective.

His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has always invested so much time into planning, cos once he gets rolling, he is unstoppable. People who built the great pyramids of Egypt used same strategy.

SMH for u

2 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by Dididrumz(m): 8:48am On Jul 21, 2023
beelon1020:
This is for the masses o!
Make una no pocket this one too...
Abeg let the poor feed o!

Na wah for You ooo.

Tell me one thing the APC government has ever done that has been for the good of the masses, and the masses testified that it was good and beneficial to them?.

Just mention one.

1 Like 1 Share

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by theophorus(m): 8:48am On Jul 21, 2023
Oshey!
Now you are talking.

Abeg Heavy investment in infrastructure ooo.
Roads, Hospitals, etc...

7 Likes 2 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by symbianDON(m): 8:48am On Jul 21, 2023
Funkyswagzz:


See dem
very useless sycophants. Don't mind them

1 Like 1 Share

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by clinician2x: 8:49am On Jul 21, 2023
HacheNoire:
His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has a master plan.


His strategy towards issues may be delayed, but be rest assured it will top-notch and effective.

His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has always invested so much time into planning, cos once he gets rolling, he is unstoppable. People who built the great pyramids of Egypt used same strategy.


Is this what you tell yourself everyday?

3 Likes 1 Share

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by ScrapMetals: 8:50am On Jul 21, 2023
Impressive

3 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by marlow1962(m): 8:50am On Jul 21, 2023
K
Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by iammo23: 8:51am On Jul 21, 2023
cool

8 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by cjudy(m): 8:51am On Jul 21, 2023
PortHarcourtcit:
President TINUBU is the greatest of all time... Long live the president...
Suffer never tire you. This is the reason why Nigeria will never move forward. We have fools who support the leader base of ethic or party. Bigots. The suffer go reach all of you.

6 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by MrDoGood(m): 8:51am On Jul 21, 2023
Something he's supposed to do before announcement.
Shame
Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by Donedeal1(m): 8:52am On Jul 21, 2023
You meaning our States Governors have double cross us again

What's infrastructural support fund when the whole money has been shared to our States Governor.

4 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by taretoofine(m): 8:53am On Jul 21, 2023
Oh naija

How long will you remain in the chains of foolishness?

How long will you lick the feets of your oppressors?

Big English big term just to confuse the common man

While they lavish on taxpayers money

1 Like

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by Fugazy2023: 8:53am On Jul 21, 2023
Children of hate will definitely wail on this. 100% certain

4 Likes 2 Shares

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by LEGALSER: 8:53am On Jul 21, 2023
ryloy:


https://twitter.com/DOlusegun/status/1682132322462605318

Confused man. I thought he would perform magic once he becomes President from the manner in which he protested some years ago and castigated previous governments. I thought immediately he rigs himself into government everything in Nigeria would change but never did he envisage that things would get worst under him to the extent that some Nigerians now prefer Buhari’s government to his.
grin cheesy grin

I saw no President in Tinubu and till this moment I see no President in him.


While we wait for the Judiciary to do the needful, I take solace in the fact that all those who supported the day light robbery of the mandate of the people by Tinubu and his cohorts are partakers and or beneficiaries of the prevailing hardship in the country, I know say Una Dey chop bellyful and Una Dey buy a litre of petrol 10 Naira grin grin cheesy

5 Likes

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by sms4sure(m): 8:54am On Jul 21, 2023
If this is implemented with good intentions by those in charge, I think and I believe it will go along way in reducing the masses suffering

1 Like

Re: President Tinubu Has Approved The Establishment Of Infrastructure Support Fund by lexy2014: 8:54am On Jul 21, 2023
HacheNoire:
His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has a master plan.


His strategy towards issues may be delayed, but be rest assured it will top-notch and effective.

His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) has always invested so much time into planning, cos once he gets rolling, he is unstoppable. People who built the great pyramids of Egypt used same strategy.

grin cheesy

You guys said he had Lagos "master plan". Up till now, I haven't seen the plan. now you have come up with another lame talk.

What is that "master plan"? Can you pls share the details?

What is delaying his strategy towards issues?

With all his strategy, you mean he couldn't strategise on removing the delay?

How have his activities so far been "top notch and effective"?

What are the so much he has invested into planning?

Which one is "once he gets rolling"? I thought initially u guys said Tinubu has hit d ground running? Why are u now speaking in future tense?

If Tinubu is doing anything useful, it will be felt. U wouldn't need to write all these excuses

3 Likes 1 Share

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