Subsidy Palliatives: 12m Households To Get N8, 000 For Six Months – Tinubu Assures
- By Metropolix ~
- July 13, 2023 --
- 0 Comment
— President Bola Ahmed Tinubu
— By Bunmi Onakan
Following the approval of $500m by the House of Representatives after President Bola Tinubu wrote and requested for the said loan for Palliatives to ease the hardships caused by the removal of fuel subsidy, the President has revealed that 12m families will get N8, 000 over a period of six months.
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.
In order to guarantee the credibility of the process, he said digital transfers would be made directly to beneficiaries accounts.
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