President Bola Ahmed Tinubu has said 12m families will get N8, 000 over a period of six months as palliative to ameliorate the hardships faced by Nigerians as a result of subsidy removal.
In a letter to the House of Representatives read by Speaker Tajudeen Abbas during plenary on Tuesday, Tinubu said it was support to enable poor and vulnerable Nigerians cope with the cost of meeting basic needs.
The letter was for approval of additional financing for the national social safety net programme scaled up by the National Assembly.
He said this would have a multiplier effect on about 60 million individuals.
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In order to guarantee the credibility of the process, he said digital transfers would be made directly to beneficiaries accounts.
House approves Tinubu’s request for palliatives
The House of Representatives on Thursday approved the request of President Bola Ahmed Tinubu for an amendment to the 2022 appropriation act to allow the Federal Government take N500 billion for palliatives to Nigerians to cushion the pains of subsidy removal.
The House at the Committee of supply approved the President’s request after contributions by members of the House who called for proper utilisation of the funds for the purpose it was meant for.
Members took turns to commend the President for taking a bold step to remove fuel subsidy and showing to Nigerians that he was a listening President.
House Leader, Julius Ihonvbare who presented the request to members for debate said the country has a President who listens to the yearning of the people.
