President Bola Ahmed Tinubu has ordered the immediate review of the proposed N8,000 conditional cash transfer to 12 Million vulnerable Nigerian households to cushion the negative effects of the removal of subsidy on fuel.
The Presidential Chief spokesman, Dele Alake, who dropped the hint at a news briefing today July 18, at the Presidential villa, Abuja, said that the decision to review the programme is in deference to the views expressed by Nigerians against it.
Dele Alake said that the President also ordered that the whole gamut of palliative package of government be unveiled to Nigerians.
The President similarly directed the immediate release of fertilisers and grains to approximately 50 million farmers and households respectively in all the 36 states and the FCT.
“The President further assures Nigerians that the N500 billion approved by parliament to cushion the pain occasioned by the end of subsidy regime will be judiciously utilised. The beneficiaries of the reliefs shall be Nigerians, irrespective of their ethnic, religious or political affiliation.”
President Tinubu promised to always prioritize the wellbeing of Nigerians and that he is irrevocably committed to the vow.
“A number of decisions taken so far by this Administration have buttressed this stance.
“You will recall that the President took a similar decision after listening to complaints from the business community/stakeholders about burdensome taxes, particularly multiplicity of taxes they are made to experience.
“This warranted the signing of four Executive Orders cancelling some classes of taxes, while suspending the implementation dates of others.
“In addition, the President has also set up a Tax Reform/Fiscal Policy Committee to bring up recommendations that will engender a wholesome fiscal environment for the country and remove anti-business barriers.
“I wish to assure Nigerians that President Tinubu will continue to be a listening leader whose ears will not be dull to the views expressed by the citizenry. The President believes government exists to cater for the interest of the people and he has demonstrated this so clearly.”