With the Federal Government claiming to have disbursed N288billion COVID-19 relief fund to alleviate the socioeconomic impact of the pandemic on vulnerable Nigerians, TAIWO ALIMI fact-checks the claims against available data and facts.
SMEs shortchanged during disbursement as politicians hijack palliatives
More than 100 million Nigerians sink into poverty – NBS/World Bank
Folashade Adejobi owns a Small and Medium-sized Enterprise (SME) running a catering service in Lagos state. Her business, however, suffered badly during the lockdown triggered by the COVID-19 pandemic. All the companies she serviced shut down, except one.
The only one that weathered the COVID-19 contraction subsequently downsized. This affected her business negatively. Her income got depleted by half and she began to feed on her little savings in the bank. In a short while, all her reserves were gone.
Cash-strapped, Adejobi needed help and in…