Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    NCC Charges Nigerian Students to Protect Telecommunications Infrastructure

    July 6, 2026

    Tax ID Linkage for Shareholders: A New Era of Tax Transparency or Another Layer of Compliance?

    July 6, 2026

    Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally

    July 6, 2026
    Facebook X (Twitter) Instagram
    Trending
    • NCC Charges Nigerian Students to Protect Telecommunications Infrastructure
    • Tax ID Linkage for Shareholders: A New Era of Tax Transparency or Another Layer of Compliance?
    • Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally
    • Bitcoin Price Rises to $63.8k, Strategy Inc. Sells 3,588 BTC
    • Moody’s Upgrades Dangote Sugar’s CFR to B3 from Caa1
    • Ripple Secures Full MiCA License to Offer Crypto Payments Across EU
    • Senate Approves N11.074trn Revenue Target for Customs
    • XRP Price Jumps as Ripple Secures Full EU MiCA License
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, July 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Trump Rejects $900bn COVID-19 Relief Bill Passed by Congress

    Trump Rejects $900bn COVID-19 Relief Bill Passed by Congress

    Marketforces AfricaBy Marketforces AfricaDecember 23, 2020 News No Comments2 Mins Read
    Trump Rejects $900bn COVID-19 Relief Bill Passed by Congress
    U.S President Donald Trump
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Trump Rejects $900bn COVID-19 Relief Bill Passed by Congress

    United States President Donald Trump on Tuesday rejected the $900 billion (N349.2 trillion) Coronavirus (COVID-19) relief bill passed by Congress, describing it as a disgrace.

    In a video message posted on Twitter, Trump alleged that the bill contained “wasteful and unnecessary items”, adding that there was almost nothing about COVID-19 in it.

    According to him, the bill contains $85.5 million (N33 billion) for assistance to Cambodia and $134 million (N51,9 billion) to Burma.

    The president stated that there was also a provision of $1.3 billion (N504 billion) for Egypt and the Egyptian military.

    He said the Egyptian military would use the money to “buy almost exclusively”, military equipment from Russia.

    Trump added that $25 million (N9.7 billion) was provided for democracy and gender programmes in Pakistan, and $505 million (N195.9 billion) for Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.

    He highlighted the other “unnecessary items” worth billions of dollars to include public facilities in the U.S. such as the National Gallery of Arts which he alleged were not open.

    Read Also: Contribution to COVID-19 Relief Fund hits ₦15 billion, says CBN

    “The bill also allows stimulus checks for the family members of illegal aliens, allowing them to get up to $1,800 (N698,400) each.This is far more than the Americans are given.

    “In spite of all these wasteful spending, and much more, the $900 billion package provides hard working tax payers with only $600 (N232,800)

    each in relief package.

    “Not enough money is given to small businesses, and in particular restaurants whose owners have suffered so grievously.

    “Congress found plenty of money for foreign countries, lobbyists and special interests, while sending the barest minimum to the American people who need it,” he said.

    Trump urged Congress to amend the bill and increase the “ridiculously low” $600 to $2,000 (N776,000) or $4,000 (N1.5 million) for couples.

    He also asked the lawmakers to remove the “wasteful and unnecessary items” and send him a suitable bill.

    The president said if they failed to do so, then Americans would have to wait for the next administration, which he said might be him, to give them COVID relief package.

    Trump Rejects $900bn COVID-19 Relief Bill Passed by Congress

    Trump
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    NCC Charges Nigerian Students to Protect Telecommunications Infrastructure

    Tax ID Linkage for Shareholders: A New Era of Tax Transparency or Another Layer of Compliance?

    Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally

    Bitcoin Price Rises to $63.8k, Strategy Inc. Sells 3,588 BTC

    Moody’s Upgrades Dangote Sugar’s CFR to B3 from Caa1

    Ripple Secures Full MiCA License to Offer Crypto Payments Across EU

    Add A Comment

    Comments are closed.

    Editors Picks

    NCC Charges Nigerian Students to Protect Telecommunications Infrastructure

    July 6, 2026

    Tax ID Linkage for Shareholders: A New Era of Tax Transparency or Another Layer of Compliance?

    July 6, 2026

    Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally

    July 6, 2026

    Bitcoin Price Rises to $63.8k, Strategy Inc. Sells 3,588 BTC

    July 6, 2026

    Moody’s Upgrades Dangote Sugar’s CFR to B3 from Caa1

    July 6, 2026
    Latest Posts

    NCC Charges Nigerian Students to Protect Telecommunications Infrastructure

    July 6, 2026

    Tax ID Linkage for Shareholders: A New Era of Tax Transparency or Another Layer of Compliance?

    July 6, 2026

    Investors Pocket N3.17trn as Nigerian Stocks Stage Strong Rally

    July 6, 2026

    Bitcoin Price Rises to $63.8k, Strategy Inc. Sells 3,588 BTC

    July 6, 2026

    Moody’s Upgrades Dangote Sugar’s CFR to B3 from Caa1

    July 6, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.