BREAKING: 12m Penciled In For N8, 000 For Six Months  

Muhammed Abubakar, Reporting

PRESIDENT Bola Ahmed Tinubu of Nigeria says 12 million families are penciled in for N8, 000 over a period of six months.

The purpose, he said, was to ameliorate the hardships faced by Nigerians as a result of fuel subsidy removal.

This was conveyed in a letter to the country’s House of Representatives, read by Speaker Tajudeen Abbas during plenary on Thursday in Abuja.

Tinubu said the support was to enable poor and vulnerable Nigerians cope with the cost of meeting their 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 the initiative would have a multiplier effect on no fewer than 60 million individuals.

He said to ensure credibility of the process, digital transfers would be made directly to the bank accounts beneficiaries accounts.

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