President Tinubu has directed a review of the N8,000 conditional cash transfer program envisaged to bring succor to the most vulnerable households due to the fuel subsidy removal.
His Special Adviser on Special Duties, Communications, and Strategy, Dele Alake, made this known in a statement on Tuesday.
It would be recalled that it was widely reported that the Federal Government would transfer the sum of N8,000 per month to 12 million low-income households as palliatives.
He said, “The story has been widely reported that the Federal Government is proposing to give 12 million households from the poorest of the poor N8,000 monthly for a period of six months as government palliative to reduce the discomfort being experienced by Nigerians consequent upon subsidy removal.
“A lot of ill-informed imputations have been read into the program by not a few naysayers. The Administration believes in the maxim that when there is prohibition, there must be provision. Since subsidy, the hydra-headed monster threatening to kill the economy has been stopped, the government has emplaced a broad spectrum of reliefs to bring help to Nigerians.
“While it should be noted that the cash programme is not the only item in the whole gamut of relief package of President Bola Ahmed Tinubu, as a listening leader who has vowed to always put Nigerians at the heart of his policy and programme, the President has directed as follows:-
1. That the N8,000 conditional cash transfer programmed envisaged to bring succor to most vulnerable households be reviewed immediately. This is in deference to the views expressed by Nigerians against it.
2. That the whole gamut of a palliative package of government is unveiled to Nigerians.
3. Immediate release of fertilizers and grains to approximately 50 million farmers and households respectively in all 36 states and the FCT. “
The President further assures Nigerians that the N500 billion approved by parliament to cushion the pain occasioned by the end of the subsidy regime will be judiciously utilized. The beneficiaries of the reliefs shall be Nigerians, irrespective of their ethnic, religious, or political affiliation.
President Tinubu has promised to always prioritize the wellbeing of Nigerians and he is irrevocably committed to the vow.
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