President Bola Tinubu has said 12 million families will get N8,000 over a period of six months to lessen the hardships faced by Nigerians as a result of subsidy removal.
In a letter to the House of Representatives read by the Speaker Tajudeen Abbas during plenary on Tuesday, Tinubu said the money was support for poor and vulnerable Nigerians and to help them 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.
Reps approves Tinubu’s N500bn request request
In a related development, The House of Representatives has approved the request of President Bola Ahmed Tinubu for an amendment to the 2022 appropriation act to allow the government take N500 billion for palliatives to cushion the pains of subsidy removal on Nigerians.
The House at the Committee of supply approved the President’s request after deliberation by members of the House who called for proper utilization of the funds for the purpose of what it was approved for.
Leader of the House, Julius Ihonvbare who presented the request to members for debate said the country now have a President who listens to the yearnings of the people.
The Minority Leader Kingsley Chinda, however said the proper yardstick to measure a government is when the government is responsible and responsive.
He said approving the palliatives is not the only thing, but that the House should put in place mechanism to monitor the use of the palliatives and ensuring that the purpose for which it is meant for is achieved.