• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Tinubu reviews palliatives, N8,000 cash transfer

Palliatives

The Matters Press by The Matters Press
July 18, 2023
Reading Time: 3 mins read
0
Tinubu denies manipulating NASS

Tinubu

Abuja, July 19, 2023: President Bola Ahmed Tinubu of Nigeria has directed the immediate review of the palliative to cushion the effect of removal of fuel subsidy.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

In a statement issued by Mr Dele Alake on Tuesday in Abuja, Tinubu directed the immediate review of the N8,000 conditional cash transfer programme meant to bring succour to most vulnerable households.

He said that this was in deference to the views expressed by Nigerians against it.

The president also called for the unveiling of the whole palliative package to Nigerians.

Similarly, Tinubu ordered the 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.

“The President covenanted with Nigerians that their welfare and security will be topmost in the Renewed Hope Agenda of his government.

“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 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,” the statement read in part.

He said that 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.

“It should be noted that cash programme is not the only item in the whole gamut of relief package of President Bola Ahmed Tinubu,” he stated.

The president further assured Nigerians that the N500 billion approved by parliament to cushion the pain occasioned by the end of subsidy regime would be judiciously utilised.

He added that the beneficiaries of the reliefs shall be Nigerians irrespective of their ethnic, religious or political affiliation

“President Bola Tinubu has promised to always prioritise the wellbeing of Nigerians and he is irrevocably committed to the vow.

“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,” he said.

The President had also set up a Tax Reform/Fiscal Policy Committee to bring up recommendations that would engender a wholesome fiscal environment for the country and remove anti-business barriers.

He stressed 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.”

“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.

Alake noted that noted that cash programme is not the only item in the whole gamut of relief package of President Tinubu, but as a listening leader, he has vowed to always put Nigerians at the heart of his policy and programme.

Tags: Palliatives
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
East Africa braces for pain at the pump as Riyadh cuts production

Nigerians worry over further hike in petrol pump price

NLC to introduce detention allowance for members

Hike in fuel price poses socio-economic threat to Nigerians – NLC

Recommended Stories

Tinubu in New York for UNGA as Nigerians demand to meet him

September 18, 2023
FIRS generates N4.2tn in 10 months

FIRS sees digital technology key to improving revenue generation

November 20, 2021
Nigeria, 15 other countries get $36.5m to eliminate trachoma

Nigeria, 15 other countries get $36.5m to eliminate trachoma

April 25, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us