Following the barrage of blacklash that greeted the proposed policy, President Bola Tinubu, on Tuesday night, said his government will review its earlier plan to distribute monthly stipends of N8,000 to 12 million vulnerable households for six months as part of its effort to cushion the effects offuel subsidy removal.
Though, organised labour had warned president Bola Tinubu that the proposed N8,000 stipends falls far from the level of intervention need to ease the pains of vulnerable Nigerians.
“The President has directed that…the N8,000 conditional cash transfer programmed envisaged to bring succour to most vulnerable households be reviewed immediately,” a statement signed by the Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake, read late Tuesday.
He also said that the new directive is “deference to the views expressed by Nigerians against it.”
President Tinubu also directed that the whole gamut of the palliative package of government be unveiled to Nigerians.
He also ordered the immediate release of fertilisers and grains to approximately 50 million farmers and households respectively in all 36 states and the FCT.