President Bola Ahmed Tinubu has said 12 million households will get N8000 monthly for a period of six months to cushion the effect of fuel subsidy removal
This was disclosed in a letter to the House of Representatives and read ont he floor by Speaker Tajudeen Abass during the plenary on Tuesday.
Tinubu said it was a support to enable poor and vulnerable Nigerians 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.
