12 million Nigerians to get N8,000 for six month – Tinubu

12 million Nigerians to get N8,000 for six month – Tinubu

President Bola Ahmed Tinubu says about 12 million households will get N8,000 over a period of six months to ease the hardships resulting from fuel subsidy removal.

He said this in a letter addressed to the House of Representatives.

It was read by Speaker Tajudeen Abbas during plenary on Thursday.

Tinubu asked that the 2022 Supplementary Appropriations Act be amended to provide N500 billion to fund palliative measures against the impact of fuel subsidy removal.

President Tinubu is seeking to extract N500 billion from the N819,536,937,813 supplementary budget.

Tinubu said the cash transfer was designed to enable indigent and vulnerable Nigerian people to cope with the cost of meeting basic need.

The President said this would have a multiplier effect on about 60 million individuals.

To ascertain the credibility of the process, he said digital transfers would be made directly to beneficiaries’ accounts.

“You may also wish to know that the purpose of the facility is to expand coverage of shock-responsive safety net supports for all and vulnerable Nigerians and the cost of meeting basic needs,” Tinubu said in the letter.