President Bola Ahmed Tinubu has taken decisive action in response to public feedback on the post-subsidy relief plan, ordering the immediate release of grains and fertilizers to 50 million farmers and households
The President also instructed a thorough review of the N8,000 conditional cash transfer program proposed for 12 million poor households for a six-month period to alleviate the hardships caused by the fuel subsidy removal.
The government’s palliative and relief package, aimed at ameliorating the effects of the subsidy removal, will be fully unveiled, as disclosed in a statement signed by Dele Alake, the Special Adviser on Special Duties, Communication, and Strategy to the President.
Tinubu reiterated his commitment to prioritizing the welfare and security of Nigerians, in line with the Renewed Hope Agenda of his administration.
The statement reads in part, “The President covenanted with Nigerians that their welfare and security will be topmost in the Renewed Hope Agenda of his government. Since subsidy, the hydra-headed monster threatening to kill the economy has been stopped, the government has emplaced a broad spectrum of reliefs to bring help to Nigerians.”
Acknowledging the concerns and opinions voiced by Nigerians regarding the conditional cash transfer program, Tinubu directed its immediate review.
He emphasized that the cash program is just one component of the comprehensive relief package the government has planned. The relief measures will be beneficial to all Nigerians, irrespective of their ethnic, religious, or political affiliations.
Moreover, the President assured the judicious utilization of the N500 billion approved by parliament to cushion the impact of the subsidy regime’s end. This decision aligns with his commitment to prioritize the well-being of the citizens.
President Tinubu’s dedication to listening to the grievances and feedback of the people is evident in his previous actions, including addressing concerns from the business community regarding burdensome taxes.
The President had also signed executive orders to cancel certain taxes and suspend the implementation dates of others, while also establishing a Tax Reform/Fiscal Policy Committee to create a more business-friendly fiscal environment.