On Tuesday, President Bola Tinubu issued an order for the immediate review of the proposed N8,000 monthly cash transfer to 12 million households in Nigeria for a duration of six months. The cash transfer was intended to mitigate the impact of the removal of petrol subsidy.
The directive came through a statement issued by Dele Alake, the Special Adviser to the President on Special Duties, Communications, and Strategy. Tinubu also instructed that the entire range of the government’s palliative package be made known to the Nigerian public.
The statement further mentioned that the N8,000 conditional cash transfer program, which aimed to provide assistance to vulnerable households, should be reviewed promptly. Tinubu acknowledged the concerns expressed by Nigerians regarding the program and responded accordingly.
Tinubu’s request to the National Assembly previously highlighted his intention to support the welfare of impoverished and vulnerable households in Nigeria through the National Safety Net Program of the Federal Government.
He reiterated his commitment to transferring N8,000 digitally to the accounts of 12 million households that are considered vulnerable or have low incomes.
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