RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

House of Representatives Donates N705 Million to Support FG’s Humanitarian Efforts

Akpan Edidong by Akpan Edidong
March 18, 2025
in Economy
Reading Time: 2 mins read
A A
0
FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Members of Nigeria’s House of Representatives have pledged N705 million from their salaries to support the humanitarian initiatives of President Bola Ahmed Tinubu’s administration.

The lawmakers announced that the donation represents a six-month, 50% deduction from their salaries, according to a statement issued by Stanley Nkwocha, Senior Special Assistant to the President on Media & Communications, on Monday, March 17, 2025.

AlsoRead

Tinubu Defends $21.7 Billion Borrowing Push, Ties Loans to $1 Trillion Economy Goal

Petrol Depot Prices Hit ₦1,349 as Dangote Holds Ex-Gantry Rate at ₦1,210

Tinubu Seeks Senate Nod for $20.52 Billion and €1.05 Billion External Borrowing Plan

The announcement was made during an Iftar dinner hosted by President Tinubu at the New Banquet Hall of the Presidential Villa in Abuja, where he met with House leaders and members in observance of the Ramadan fast.

Lawmakers Pledge Support for Vulnerable Nigerians

Speaker of the House of Representatives, Rt. Hon. Tajudeen Abbas, expressed gratitude to President Tinubu for his continued respect and engagement with the legislative arm. He emphasized that the lawmakers’ financial contribution aims to alleviate the struggles of vulnerable Nigerians facing economic hardship.

“On behalf of the House of Representatives, we are donating N705 million, a six-month, 50% deduction from our salaries, to support Mr. President’s humanitarian efforts and assist vulnerable people across the country,” Abbas stated.

The Speaker also urged Nigerians to continue praying for the nation’s economic stability, improved security, and the well-being of its leaders and citizens. He reiterated that all House members stand firmly behind the President, ensuring that government policies remain focused on the welfare of the people and the development of Nigeria.

Presidency Commends Legislative Cooperation

Speaking on behalf of President Tinubu, Vice President Kashim Shettima commended the lawmakers for their show of solidarity and urged them to prioritize national unity and development over political rivalry.

“In the end, history will not judge us by the number of personal battles we fought, but by the bridges we built together,” Shettima remarked. “We are gathered here not as adversaries in a contest for power, but as partners in the noble task of nation-building.”

He assured lawmakers that President Tinubu views them as key stewards of democracy and critical voices in Nigeria’s progress.

Shettima also highlighted the improving economic landscape, asserting that the government’s policies are beginning to yield positive results.

“The economy has turned the corner, and we are now on the path to sustained growth. With perseverance, we will create a Nigeria where every citizen can thrive,” he said.

A Call for Responsible Leadership

The Vice President appreciated Speaker Abbas and House leaders for fostering legislative harmony and urged them to govern with empathy, fairness, and justice. He reminded them that their positions are a sacred trust given by the Nigerian people and should be upheld with integrity.

As the Tinubu administration continues implementing reforms, both the executive and legislative arms have emphasized their commitment to working together to ensure national development and social welfare for all Nigerians.

Tags: FG
Previous Post

Nigeria’s Inflation Rate Declines to 23.18% in February – NBS

Next Post

Bitcoin Surges Past $82,000 as Markets Await FOMC Meeting Outcome

Related News

FG Obtain $300 Million World Bank Palliative Loan

Tinubu Defends $21.7 Billion Borrowing Push, Ties Loans to $1 Trillion Economy Goal

by Victoria Attah
October 30, 2026
0

President Bola Tinubu has defended his administration’s planned external borrowing, arguing that loans should be judged by the infrastructure they...

Petrol Prices Surge in West Africa as Nigeria Removes Subsidies.

Petrol Depot Prices Hit ₦1,349 as Dangote Holds Ex-Gantry Rate at ₦1,210

by Akpan Edidong
October 30, 2026
0

Petrol depot prices in major supply hubs have climbed as high as ₦1,349 per litre, while Dangote Petroleum Refinery has...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Tinubu Seeks Senate Nod for $20.52 Billion and €1.05 Billion External Borrowing Plan

by Victoria Attah
October 28, 2026
0

President Bola Tinubu has asked the Senate to approve a supplementary external borrowing plan of $20.52 billion and €1.05 billion...

Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX Group Profit Before Tax Jumps 83% to ₦20.6 Billion as Trading Boom Lifts Earnings

by Jide Omodele
October 28, 2026
0

Nigerian Exchange Group Plc reported profit before tax of ₦20.6 billion for the nine months ended 30 September 2026, an...

Next Post

Bitcoin Surges Past $82,000 as Markets Await FOMC Meeting Outcome

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FG Obtain $300 Million World Bank Palliative Loan

Tinubu Defends $21.7 Billion Borrowing Push, Ties Loans to $1 Trillion Economy Goal

October 30, 2026
Petrol Prices Surge in West Africa as Nigeria Removes Subsidies.

Petrol Depot Prices Hit ₦1,349 as Dangote Holds Ex-Gantry Rate at ₦1,210

October 30, 2026

Popular Story

  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • OPay Announces New Job Opening for Sales Manager Position

    0 shares
    Share 0 Tweet 0
  • Exchange Rate Gap Widens as Speculation and Dollar Scarcity Pressure Parallel Market

    0 shares
    Share 0 Tweet 0
  • Nigeria loses billions of dollars to prolonged bid rounds

    0 shares
    Share 0 Tweet 0
  • CBN increases Fines and Penalties for Non-Compliance of Customer Due Diligence Regulation.

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>