• Contact Us
  • About Us
Saturday, May 24, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Tinubu Bows To Pressure, Orders Review Of N8,000 Palliative, Labour Rejects Package, New Pump prices

metro by metro
July 18, 2023
in Economy
0
Tinubu Bows To Pressure, Orders Review Of N8,000 Palliative, Labour Rejects Package, New Pump prices
0
SHARES
0
VIEWS

   ...  Set To Meet For Official  Response


 

Against the backdrop of criticisms by Nigerians of the package to  cushion effects of subsidy removal, president Bola Tinubu has ordered a review of his administration’s plan for a monthly N8,000 transfer to 12 million of the poorest households in the country for six months. 

Most Nigerians have described the palliative as insufficient as well as questioning the mode of selection of the poorest households as well as how the figures werevarrived at.
Particularly, the Nigeria Labour Congress (NLC) has described the package as lacking in measures that could alleviate the sufferings of the poorest of the poor.
Joe Ajero, President of NLC, who appeared on the Channels Television's Politics Today, on Tuesday night regards government action as dictatorial, coming without 'due' consultation and most importantly, that the input of relevant stakeholders, like the CNG committee that government set up yet to make it's recommendations.
“We, (NLC) reject the N8000, we reject the 12 million and we reject method used in arriving at their decision,” Ajero said.
Similarly, the NLC boss says the congress has rejected the new pump prices of N617 and N568 per litre in Abuja and Lagos respectively.
According to him, not until the agreed conversion of vehicles to the use of gas is implemented to give options to Nigerians, they will not accept the new pump price.
However, the plan was contained in a letter read last Thursday on the floor of the House of Representatives regarding the $800 million loan request of the previous Muhammadu Buhari administration for a social safety net programme.

The President’s Special Adviser on Special Duties, Communications and Strategy, Dele Alake, in a statement on Tuesday, noted that the cash programme was not the only item in the relief package initiated by Tinubu.

Alake said the President vowed to always put Nigerians at the heart of his policy and programme.

According to him, Tinubu directed “that the N8,000 conditional cash transfer programmed envisaged to bring succour to most vulnerable households be reviewed immediately”.

He added that “this is in deference to the views expressed by Nigerians against it.”

The President also directed that the entirety of the government’s palliative package be unveiled to Nigerians, while ordering the immediate release of fertilisers and grains to approximately 50 million farmers and households respectively in all the 36 states and the FCT.
ALSO READ:FG Confirms First Case Of Anthrax In Nigeria

See the full statement below:

STATE HOUSE PRESS RELEASE

REVIEW OF N8, 000 CASH TRANSFER

You will agree with me that it has become part of the culture of President Bola Ahmed Tinubu administration to constantly dialogue with Nigerians who voted him into office. 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.

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.

While it should be noted that cash programme is not the only item in the whole gamut of relief package of President Bola Ahmed Tinubu, as a listening leader who has vowed to always put Nigerians at the heart of his policy and programme, the President has directed as follows:-

1. That the N8,000 conditional cash transfer programmed envisaged to bring succour to most vulnerable households be reviewed immediately. This is in deference to the views expressed by Nigerians against it.

2. That the whole gamut of palliative package of government be unveiled to Nigerians.

3. 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.

President Bola Tinubu has promised to always prioritize 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.

In addition, the President has also set up a Tax Reform/Fiscal Policy Committee to bring up recommendations that will engender a wholesome fiscal environment for the country and remove anti-business barriers.

I wish to assure Nigerians 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.

Thank you all.

Dele Alake
Special Adviser to the President
(Special Duties, Communications and Strategy)
July 18, 2023

Read Also

BudgIT Raises The Alarm Over Budget Padding Worth N6.93trn By NASS In 2025 Budget

DMO Allots Over N4.28b In FGN Savings Bonds For May 2025

FG, States, LGs Share N1.681trn April, 2025 Revenue

Previous Post

Dr. Nnenna Ezeigwe joins the Board of Directors of Resolve to Save Lives Nigeria

Next Post

Emefiele Asks Court To Grant Him Bail

Related Posts

‘Gasping For Breath’ By Nigerians Continues As Analysts Forecast Further Inflation Increase
Economy

BudgIT Raises The Alarm Over Budget Padding Worth N6.93trn By NASS In 2025 Budget

May 20, 2025
Debt Management Office
Economy

DMO Allots Over N4.28b In FGN Savings Bonds For May 2025

May 17, 2025
FG, States, LGs Share N954bn FAAC In July, Highest Monthly Allocation Under Buhari Administration
Economy

FG, States, LGs Share N1.681trn April, 2025 Revenue

May 16, 2025
National Bureau
Economy

Nigeria’s Inflation Drops To 23.7% As Prices Of  Staples, Other Food Items Reduce

May 15, 2025
Next Post
Emefiele Asks Court To Grant Him Bail

Emefiele Asks Court To Grant Him Bail

Invest Hong Kong Global Outreach Campaign Connects Eastern Europe, Africa and the Middle East to Engage with Emerging Markets

May 21, 2025
WHO

World Leaders,  Others, Pledge Over $170m For WHO Ahead Of US Exit

May 21, 2025
Borno Governor Zulum Accuses Politicians, Soldiers As Informants To Boko Haram

Borno Governor Zulum Accuses Politicians, Soldiers As Informants To Boko Haram

May 21, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

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
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version