x

Tinubu Suspends N8,000 Cash Transfer Palliative Following Public Backlash

President Bola Tinubu has decided to halt his proposed plan to provide a cash transfer of N8,000 to 12 million impoverished households for a duration of six months. The initiative aimed to serve as a government palliative to alleviate the impact of the recent removal of petrol subsidies in the country.

The proposal faced significant opposition from Nigerians who considered it unnecessary and a waste of funds. Many argued that the amount was too small to make a substantial difference, and there were concerns about the accountability in ensuring that the funds reached the poorest households.

In a statement released by Tinubu’s spokesperson, Dele Alake, on Tuesday evening, it was announced that the proposal would be “reviewed” in response to the rejection it received from the public.

Alake emphasized that “a lot of misconceptions have been attached to the program by a few critics,” while stating that the Tinubu administration firmly believed in the principle of “prohibition requires provision.”

Consequently, Tinubu instructed that “the N8,000 conditional cash transfer program, intended to provide relief to the most vulnerable households, be immediately reconsidered in deference to the concerns expressed by Nigerians.”

Alake further revealed that Tinubu had directed for the unveiling of the complete range of government palliative measures to the Nigerian public.

The full statement issued by Alake reads: “It is evident that the administration of President Bola Ahmed Tinubu consistently engages in dialogue with the Nigerian people who entrusted him with their votes.

“The President made a commitment to prioritize the welfare and security of Nigerians within the framework of his government’s Renewed Hope Agenda.

“In recent days, both traditional and digital media platforms have been flooded with reports of the government’s plan to implement a conditional cash transfer program for vulnerable households, particularly those affected by the difficult but necessary decision to remove petrol subsidies.

“The reports have widely circulated that the Federal Government intends to provide a monthly sum of N8,000 to 12 million households from the most impoverished segments of society as a government palliative to alleviate the discomfort experienced by Nigerians due to the subsidy removal.

“Various misconceptions have been spread by a handful of critics regarding this program. The administration firmly believes in the principle that when something is prohibited, there must be a provision.

“Since the subsidy, an economic menace that posed a significant threat, has been eliminated, the government has implemented a comprehensive range of relief measures to assist Nigerians.”
President Bola Tinubu has decided to halt his proposed plan to provide a cash transfer of N8,000 to 12 million impoverished households for a duration of six months. The initiative aimed to serve as a government palliative to alleviate the impact of the recent removal of petrol subsidies in the country.

The proposal faced significant opposition from Nigerians who considered it unnecessary and a waste of funds. Many argued that the amount was too small to make a substantial difference, and there were concerns about the accountability in ensuring that the funds reached the poorest households.

In a statement released by Tinubu’s spokesperson, Dele Alake, on Tuesday evening, it was announced that the proposal would be “reviewed” in response to the rejection it received from the public.

Alake emphasized that “a lot of misconceptions have been attached to the program by a few critics,” while stating that the Tinubu administration firmly believed in the principle of “prohibition requires provision.”

Consequently, Tinubu instructed that “the N8,000 conditional cash transfer program, intended to provide relief to the most vulnerable households, be immediately reconsidered in deference to the concerns expressed by Nigerians.”

Alake further revealed that Tinubu had directed for the unveiling of the complete range of government palliative measures to the Nigerian public.

The full statement issued by Alake reads: “It is evident that the administration of President Bola Ahmed Tinubu consistently engages in dialogue with the Nigerian people who entrusted him with their votes.

“The President made a commitment to prioritize the welfare and security of Nigerians within the framework of his government’s Renewed Hope Agenda.

“In recent days, both traditional and digital media platforms have been flooded with reports of the government’s plan to implement a conditional cash transfer program for vulnerable households, particularly those affected by the difficult but necessary decision to remove petrol subsidies.

“The reports have widely circulated that the Federal Government intends to provide a monthly sum of N8,000 to 12 million households from the most impoverished segments of society as a government palliative to alleviate the discomfort experienced by Nigerians due to the subsidy removal.

“Various misconceptions have been spread by a handful of critics regarding this program. The administration firmly believes in the principle that when something is prohibited, there must be a provision.

“Since the subsidy, an economic menace that posed a significant threat, has been eliminated, the government has implemented a comprehensive range of relief measures to assist Nigerians.”

Hot this week

Kogi Govt Vows to Clamp Down on Youth Aiding Bandits

By Noah Ocheni, Lokoja The Kogi State Government has warned...

Light Up Abuja Programme: Wike To Flag-Off Construction of New Roads, Light Projects

By Joyce Remi-Babayeju The Minister of Federal Capital Territory (FCT),...

FG Goes Digital To Ensure Drug Availability In Hospitals

By Joyce Remi-Babayeju The federal government has gone digital to...

Public Alert: Increased Water Release from Goronyo Dam

By Muhammad Ibrahim, Sokoto The Sokoto Rima River Basin Development...

Public Alert: Increased Water Release from Goronyo Dam

By Muhammad Ibrahim, Sokoto The Sokoto Rima River Basin Development...

Global Spotlight: Daybreak Publisher Clinches Silk Road News Award

The publisher and editor-in-chief of daybreak Nigeria newspaper, Dr....

A’ibom committed to industrial Cluster Development

By Ogenyi Ogenyi, Uyo Akwa Ibom State government has restated...

Pilgrimage Is Spiritual Exercise, Not Jamboree, NCPC Boss Warns Intending Pilgrims

By Joyce Remi-Babayeju As intending pilgrims depart Abuja on Monday...

Wike Lauds President Tinubu for lifting Rivers emergency rule

By Joyce Remi-Babayeju Minister of the Federal Capital Territory (FCT),...

Nigerian journalist wins Silk Road Global News Award

By Micheal Onjewu with Agency Report The publisher and editor-in-chief...

A’Ibom Commissioner seeks royal support for voter registration, Gov Eno’s Arise Project

By Ogenyi Ogenyi,Uyo Traditional leaders in Akwa Ibom have been...

Prof. Usman Ogbo Moves to Curb Rumoured Protest Over Fee Hike in Kogi Poly

By Noah Ocheni, Lokoja The management of Kogi State Polytechnic,...

Related Articles

Popular Categories

spot_imgspot_img