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Subsidy Removal: FG To Review N8,000 Cash Transfer, Will Soon Unveil Palliative Package-Alake
Due to the criticisms that have trailed the planned cash transfer of N8,000 to 12 million families for a period of six months to ameliorate the effect of the removal of fuel subsidy, the Federal Government has decided to review the policy, and has said that it will soon unveil a whole gamut of palliative packages to Nigerians.
The Special Adviser to the President (Special Duties, Communications and Strategy), Mr Dele Alake, who made this revelation in a statement dated July 18, 2023, which he made available to the media, said that in the last few days, the conventional and new media platforms have become awash with stories of the government intending to embark on conditional cash transfer to vulnerable households mostly affected by the painful but necessary decision to remove subsidy from petrol.
The story, he said, has been widely reported that the Federal Government is proposing to give 12 million households from the poorest of the poor N8,000 monthly for a period of six months as government palliative to reduce the discomfort being experienced by Nigerians consequent upon subsidy removal.
“A lot of ill-informed imputations have been read into the programme by not a few naysayers. The Administration believes in the maxim that when there is prohibition, there must be provision. Since subsidy, the hydra-headed monster threatening to kill the economy, has been stopped, government has emplaced a broad spectrum of reliefs to bring help to Nigerians.
“While it should be noted that cash programme is not the only item in the whole gamut of relief package of President Bola Ahmed Tinubu, as a listening leader who has vowed to always put Nigerians at the heart of his policy and programme, the President has directed as follows,” he said.
Alake stated that the N8,000 conditional cash transfer programme envisaged to bring succour to most vulnerable households will be reviewed immediately, adding that this is in deference to the views expressed by Nigerians against it.
“That the whole gamut of 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.
“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,” he said.
The Special Adviser stated that President Bola Tinubu has promised to always prioritize the wellbeing of Nigerians and that he is irrevocably committed to the vow.
According to him, 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 (4) 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,” the statement read.
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