Tinubu orders review of proposed N8,000 cash transfer following subsidy removal

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President Bola Tinubu has instructed a review of the proposed N8,000 conditional cash transfer program, which was intended to provide relief to vulnerable households. Tinubu also emphasized the need to unveil the entire palliative package aimed at mitigating the effects of subsidy removal, which has led to increased costs of goods and services.

These directives were issued in a statement by Mr. Dele Alake, Special Adviser to the President on Special Duties, Communication, and Strategy in Abuja.

Tinubu assured Nigerians that the N500 billion approved by the parliament to alleviate the hardships caused by the end of the subsidy regime would be utilized judiciously. He emphasized that the relief would be available to Nigerians regardless of their ethnic, religious, or political affiliation.

The statement acknowledged the concerns and criticisms raised about the proposed cash transfer program and reiterated Tinubu’s commitment to prioritize the welfare and security of Nigerians. It emphasized that the cash program is just one aspect of the broader relief package.

In response to the feedback from Nigerians, Tinubu directed the review of the N8,000 conditional cash transfer program. Additionally, he called for the immediate release of fertilizers and grains to approximately 50 million farmers and households across the country.

Tinubu reiterated his commitment to the well-being of Nigerians and emphasized that his administration would continue to listen to the views expressed by the citizenry. He highlighted previous decisions, such as the cancellation and suspension of burdensome taxes, as examples of his administration’s responsiveness to the concerns of stakeholders.

The statement concluded by assuring Nigerians that Tinubu’s administration would prioritize the interests of the people and work to create a favorable fiscal environment for businesses.

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