President Bola Tinubu has ordered the release of fertilisers and grains to 50 million households across the country.
The President also directed the immediate review of the proposed N8,000 conditional cash transfer (CCT) to Nigerians aftermath of the removal of the petrol subsidy to cushion its negative impact.
Last week, Tinubu asked the National Assembly to approve N500 billion as an amendment to the 2022 supplementary budget to implement the CCT as the federal government’s post-subsidy palliative to Nigerians.
According to him, the President said 12 million households would receive N8,000 monthly for eight months from the loan that is being sourced from the World Bank.
In a statement on Tuesday, Dele Alake, special adviser on special duties, communications and strategy, said Tinubu has also directed that the whole gamut of the palliative package of government be unveiled to Nigerians.
“That the N8,000 conditional cash transfer programme envisaged to bring succour to most vulnerable households be reviewed immediately. This is in deference to the views expressed by Nigerians against it,” the statement reads.
“That the whole gamut of the palliative package of government be unveiled to Nigerians.
“Immediate release of fertilisers and grains to approximately 50 million farmers and households respectively in all the 36 states and the FCT.”
Alake said the president would always prioritize the welfare of Nigerians, adding that a number of his decisions taken so far have buttressed that position.
“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,” it read.
“This warranted the signing of four executive orders cancelling some classes of taxes, while suspending the implementation dates of others.”
