Ned Nwoko, a senator from Delta North, has revealed that although Nigeria has money, it does not disperse it to the underprivileged and needy.
According to Ned Nwoko, managing the country’s finances to handle its residents’ problems with hunger, unemployment, and poverty is Nigeria’s real challenge.
In an interview with Arise TV on Tuesday, he made this claim.
In his words; “People think that we don’t have money in Nigeria but we do have money in Nigeria. All I’m talking about is that there should be some redistribution of this money.
“If you’re taking 5% from this first-line charge from the federation account where money is shared every month to the local government, states and federal government; you just take 5% of that money at source and put into that particular fund, then every worker across board whoever you are you also contribute 5% of your income.
“Then all other businesses, I’m looking at some kind of a plan that is meant to serve some very difficult problems. If we take those contributions and put in the fund, we are redistributing the funds.
“If we have those steady income going into the fund that is managed not through any ministry, directly under the presidency who wants to achieve some result, who wants to make a difference, the money will be there and then people stop blaming chairman, they stop blaming governors, they stop blaming the president because the money will be there for those class of people that need money.
“They need money to survive as I said before. Look, put it this way, if at the end of every week some guy who is disabled or somebody who is unemployed gets I don’t know ₦50,000 or ₦100,000, at least, you know, you caught down on the possibility of frauds and the possibility of crime.
“When people know that someone is coming, they wait. They won’t become desperate as to steal or become involved in crime or whatever it is; they know it’s intact.”
“Take for example, when you have displaced people in various camps, they have no means of surviving other than just those handouts. If people have their expected income every week and there’s a problem in a particular area, they can easily leave that area, go to another area, because they have their credit card, and they know that that money is coming at the end of every week.
“They don’t have to be clustered in somewhere where they are treated like animals. If you lose work, you can go to the agency and be paid“, Nwoko explained.
Nigeria is, in my opinion, a highly wealthy nation, but not everyone in the nation is benefiting from this prosperity. We have the potential of both the US and China combined, with over 200 million people and the largest GDP. The main issues are a symptom of a larger issue, which is the unbalanced political system in the nation.
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