United States president, Donald Trump is living up to expectation in providing succor for American citizens hardest hit by the COVID-19 pandemic.
He has signed a $2.2 trillion (N827 trillion) financial stimulus package to cushion the economic impact of the coronavirus pandemic in the United States.
That would mean that each American could access as much as the equivalent of N441, 000.
The bill cuts across party lines and has already been passed by both the House of Representatives and the Senate.
The government will make direct payments totaling $290 billion (N109 trillion) to Americans earning below $99,000 (N37 million) per annum under the new initiative.
Recall that the U.S. is currently the hardest-hit country in terms of the COVID-19 infections, accounting for no fewer than 99,000 cases.
Associated challenges of temporary job losses and reduced earnings on account of the economic lockdown have been taken into consideration against the necessity of helping average Americans tide through the hard times.
They are expected to get directly get up to $1,200 (N451,000) each, in addition to $500 (N188,000) per child. On Wednesday, a record 3.3 million Americans filed for unemployment benefits amid massive job losses occasioned by the pandemic.
The package includes the payment of another $260 billion (N97 trillion) to jobless and laid-off workers for up to four months.
Small businesses with less than 500 employees and airlines will get a total of $881 billion (N331 trillion) as soft loans to cushion the economic effect of the virus. I
Cami Ezenwa is a Writer, Editor, Publicist, Biographer and Journalism Trainer
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1 comment
Sir thanks for what u are doing in ur Country, u shall live long