President Bola Tinubu says 12 million families will get N8,000 over a period of six months to lessen the hardship faced by Nigerians as a result of subsidy removal.
In a letter to the House of Representatives read by the Speaker, Tajudeen Abbas during plenary, the President said the money was to support poor and vulnerable Nigerians and to help them cope with the cost of meeting basic needs.
The letter was for approval of additional financing for the national social safety net programme scaled up by the National Assembly.
He said this would have a multiplier effect on about 60 million individuals.
In order to guarantee the credibility of the process, he said, digital transfers would be made directly to beneficiaries accounts.
Oduyemi Odumade, Edited By Grace Namiji
Written by: Bukky Alabi
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