Deputy Speaker Benjamin Kalu announced a N1 billion economic stimulus package for 2,000 SMEs in Abia State. The plan aims to boost local businesses during economic challenges. The announcement was made during a town hall meeting in Bende. Kalu also pledged N100 million in aid to churches and support groups aligned with the APC.
The APC has ruled out bringing back fuel subsidies, stating it would harm government revenue. Senator Surajudeen Ajibola Basiru, APC National Secretary, made this clear in Abuja. He challenged opposition candidates to explain how they would fund such policies without affecting public finances.
The economic stimulus comes as political tensions rise. Recent reports show some politicians who supported Tinubu have distanced themselves. APC Chairman Yilwatda criticized this shift, accusing supporters of abandoning him in 2023. The party remains focused on economic recovery and maintaining financial stability.
The APC’s stance on fuel subsidies reflects broader economic concerns. Removing the subsidy was a key policy decision aimed at improving fiscal health. The party argues that returning it would create financial strain and weaken public services.
This economic strategy follows a pattern of targeted support for local businesses. The N1 billion package is part of a larger effort to stimulate growth in Abia. The APC’s approach highlights its focus on economic development while defending its fiscal policies. The party continues to position itself as a leader in economic reform.
