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$1bn Terrorism Fund Not Included In Budget – Tanko Yinusa

The National Chairman of the National Conscience Party, Mr Tanko Yinusa, has criticised the plan of the Federal Government to spend $1bn from the nation’s … Continue reading $1bn Terrorism Fund Not Included In Budget – Tanko Yinusa


Tanko Yinusa

The National Chairman of the National Conscience Party, Mr Tanko Yinusa, has criticised the plan of the Federal Government to spend $1bn from the nation’s excess crude account.

His reaction comes a few days after the 36 state governors gave the Federal Government approval to utilise $1bn from Nigeria’s excess crude account to tackle the Boko Haram insurgency.

“Why is it that it is not part of the budget for 2018? Why are we taking it towards the end of the year? In December, how is this particular money going to be used? How will it be spent?” Mr Yinusa said during an appearance on Channels Television’s Sunday Politics.

Although he said no amount is too much when it comes to defending Nigeria’s territory, the NCP boss, said there should’nt be a misplacement of priority in its spending.

“To defend the sovereignty of the Federal Republic of Nigeria, no amount is too big but not a humongous amount that will create suspicion within the system and the people will be doubting whether that particular money is actually meant for the use of this insurgency,” he said.

Mr Yinusa believes that the high rate of crime could be reduced drastically if the government uses the same amount in empowering the youths.

He said, “The Nigerian youths are so much in abject poverty. They don’t even have hope, they do not even have anything they could hold unto that tomorrow will be better.

“Such money should have been used to help in reducing the unemployed youths to make them have good employment.

“That would have helped in curbing a lot of the criminal tended minds that we have in the youths rather than taking that sum of money used. The assertion is that it is going to be used for election purposes.”