FG Hints On Paying $12 (₦5K) to 10 Million Vulnerable Nigerians.
The Nigerian government has announced that it will provide palliatives to 10 million Nigerians as a result of the removal of fuel subsidies. The government plans to pay N5,000 ($12) to each of the 10 million vulnerable citizens who were identified through a national social register.
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, stated that the payment will be made through the Conditional Cash Transfer program of the federal government. The conditional cash transfer is a social safety net program that targets poor and vulnerable households, providing them with cash transfers to help them meet their basic needs.
According to the Minister, the payment is part of the government’s efforts to cushion the impact of the removal of fuel subsidies on Nigerians. The removal of fuel subsidies has led to an increase in the price of petrol, which has had a ripple effect on the prices of other goods and services in the country.
FG Hints On Paying $12 (₦5K) to 10 Million Vulnerable Nigerians.
The Minister emphasized that the payment will be made to only the most vulnerable Nigerians who are currently enrolled in the national social register. She also stated that the government is working on expanding the register to include more vulnerable citizens.
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The removal of fuel subsidies has been a controversial issue in Nigeria for many years. Supporters argue that it will lead to more efficient use of resources and reduce corruption in the sector, while opponents argue that it will lead to higher prices for consumers and hurt the poor.
The government has stated that the removal of fuel subsidies will free up funds to invest in infrastructure and social programs that will benefit all Nigerians in the long run. The payment of palliatives to vulnerable citizens is seen as a way to mitigate the short-term impact of the removal of fuel subsidies.
