President Bola Tinubu has directed the review of the government’s cash transfer policy after facing intense criticism over its plan to pay N8,000 monthly to 12 million vulnerable persons as palliative to cushion the adverse effects of petrol subsidy removal. This decision was announced by Dele Alake, Special Adviser to the President on Special Duties, Communications, and Strategy.
In response to the concerns raised by Nigerians, the government has decided to unveil a complete package of palliatives to address the impact of petrol subsidy removal. As part of these efforts, the President has approved the immediate release of fertilizers and grains to approximately 50 million farmers and households across all 36 states and the Federal Capital Territory (FCT).
President Tinubu’s administration believes in engaging with the people and prioritizing their welfare and security through the Renewed Hope Agenda. While the cash transfer program was meant to provide relief to vulnerable households affected by the subsidy removal, the government has listened to public feedback and decided to reevaluate the program.
In addition to the conditional cash transfer program, the government is introducing a broad spectrum of reliefs to assist Nigerians during this period. The President assures the public that the N500 billion approved by parliament to mitigate the effects of the subsidy regime’s end will be prudently utilized.
The relief measures will be extended to all Nigerians, regardless of their ethnic, religious, or political affiliation, emphasizing the President’s commitment to prioritizing the well-being of citizens. President Tinubu’s administration has a track record of listening to the concerns of stakeholders, as demonstrated by the cancellation and suspension of burdensome taxes following feedback from the business community.
As a listening leader, President Tinubu will continue to consider the views expressed by Nigerians and prioritize their interests. The government’s goal is to create a wholesome fiscal environment and remove barriers that may hinder economic growth and development.
