FG To Disburse N8,000 To 12 Million Households

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By Kasim Isa Muhammad

President Bola Tinubu has announced that the Federal Government will provide financial assistance to less privileged Nigerians, as part of curative measures to alleviating poverty in the country.

In a letter to the House of Representatives, Tinubu stated that the government will to transfer ₦8,000 to 12 million impoverished households for a period of six months.

The purpose of the initiative, which requires approval for an $800 million loan, is to establish a social safety net program.

Tinubu added that the direct monetary support to households will have a positive impact on approximately 60 million individuals.

To ensure transparency and efficiency, the President emphasized that the funds would be digitally transferred to individuals’ bank accounts.

Notably, Tinubu swiftly implemented the removal of petrol subsidy shortly after taking office, fulfilling a promise made during his inaugural speech on May 29.

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