President Tinubu Orders Review of Cash Transfer Program and Unveils Palliative Package to Mitigate Subsidy Removal Impact

President Bola Tinubu has directed an immediate review of the proposed N8,000 conditional cash transfer program aimed at bringing relief to vulnerable households. The President also announced plans to unveil the comprehensive palliative package of the government to mitigate the impact of subsidy removal and the resulting increase in the cost of goods and services. These directives were contained in a statement issued by Mr. Dele Alake, Special Adviser to the President on Special Duties, Communication, and Strategy.

President Tinubu emphasized that the approved N500 billion earmarked by the parliament to alleviate the effects of subsidy removal would be utilized judiciously. He reassured Nigerians that the relief measures would benefit all citizens, irrespective of their ethnic, religious, or political affiliations.

The statement emphasized that the cash transfer program was just one component of the broader range of relief measures initiated by the President. It further highlighted the immediate release of fertilizers and grains to approximately 50 million farmers and households across all states and the FCT.

President Tinubu’s commitment to prioritizing the well-being of Nigerians was reiterated, with a focus on listening to the concerns and feedback of the citizenry. The statement cited previous actions, such as the signing of executive orders to address burdensome taxes and the establishment of a Tax Reform/Fiscal Policy Committee, as evidence of the President’s dedication to creating a conducive fiscal environment and removing barriers to business.

The statement concluded by assuring Nigerians that President Tinubu would remain attentive to the views of the people and affirmed the government’s commitment to serving the interests of the nation.