• Home
  • All news
  • Team
  • About
  • Contact
  • Privacy Policy
  • My account
Friday, June 6, 2025
Media Bypass News
No Result
View All Result
No Result
View All Result
Media Bypass News
No Result
View All Result
Home Business & Finance

Approved N500b on subsidy palliative’ll be judiciously utilised

Mediabypassnews by Mediabypassnews
2 years ago
in Business & Finance
0
Approved N500b on subsidy palliative’ll be judiciously utilised
247
SHARES
89.4k
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Nigerian President, Bola Ahmed Tinubu has assures Nigerians that N500 billion approved by parliament to cushion the pain occasioned by the end of subsidy regime will be judiciously utilised.

According to the statement released by the President’s aide, Dele Alake on Tuesday titled Reviews of N8,000 Cash Transfer, adding that the beneficiaries of the reliefs shall be Nigerians irrespective of their ethnic, religious or political affiliation.

Nigerian leader, Tinubu who constantly dialogue with Nigerians voted him into office covenanted with the people that their welfare and security will be topmost in the Renewed Hope Agenda of his government.

 

https://mediabypassnews.com/wp-content/uploads/2023/07/Video.Guru_20230715_144356413.mp4


While reacting to the widely reported story of the proposed 12 million households from the poorest of the poor to give N8,000 monthly for a period of six months as palliative to reduce discomfort being experienced by Nigerians consequent upon subsidy removal.

He said 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 noted that the cash programme is not the only item in the whole gamut of relief package of his administration, as a listening leader who vowed to always put Nigerians at the heart of his policy and programme.

 

https://mediabypassnews.com/wp-content/uploads/2023/06/Video.Guru_20230609_205648537.mp4


The President has directed that the N8,000 conditional cash transfer programmed envisaged to bring succour to most vulnerable households be reviewed immediately in deference to the views expressed by Nigerians against it.

That the whole gamut of palliative package of government be unveiled to Nigerians. Immediate release of fertilisers, grains to approximately 50 million farmers and households respectively in all the 36 states and the FCT.

Tinubu 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”.

Recalling 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 Executive Orders cancelling some classes of taxes, while suspending the implementation dates of others.

In addition, he 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.

Alake who on behalf of the President assured Nigerians that 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”, the Presidential aide said.

Tags: Dele AlakeNigeriansPresident Bola Ahmed TinubuSubsidy Palliatives
SendShareTweet
Previous Post

70yrs after, UK issue British passport in “His Majesty” King Charles

Next Post

NYSC to Corps: Avoid risky adventures, unauthorized journeys

Mediabypassnews

Mediabypassnews

For Press Releases, Media Coverage, Event Publication, Genuine Stories, Interview, Etc, email: admin@mediabypassnews.com

Next Post
NYSC to Corps: Avoid risky adventures, unauthorized journeys

NYSC to Corps: Avoid risky adventures, unauthorized journeys

Please login to join discussion

Stay Connected test

  • 500 Subscribers
  • 23.9k Followers
  • Trending
  • Comments
  • Latest

Elected AGSOSA Exco pays courtesy visit to BoT Chairman, Alma Mater

June 6, 2025

Toughest days are behind us, Tinubu tells Nigerians on Eid-el-Kabir

June 6, 2025

AU reacts as US places entry restriction to citizens of 12 countries

June 5, 2025

NIMC clarifies Police claim over denial to access NIN verification

June 6, 2025

Eid: Ajadi greets Muslims, urges Nigerians to emulate lessons of sacrifice

June 6, 2025

Toughest days are behind us, Tinubu tells Nigerians on Eid-el-Kabir

June 6, 2025

Elected AGSOSA Exco pays courtesy visit to BoT Chairman, Alma Mater

June 6, 2025

NIMC clarifies Police claim over denial to access NIN verification

June 6, 2025

Recent News

Eid: Ajadi greets Muslims, urges Nigerians to emulate lessons of sacrifice

June 6, 2025

Toughest days are behind us, Tinubu tells Nigerians on Eid-el-Kabir

June 6, 2025

Elected AGSOSA Exco pays courtesy visit to BoT Chairman, Alma Mater

June 6, 2025

NIMC clarifies Police claim over denial to access NIN verification

June 6, 2025
Media Bypass News

We bring latest unbiased news and updates straight to your devices. As storytellers, we strive to deliver content on variety of topics from all over the world. Stay tuned

Follow Us

Browse by Category

  • Accident & Disaster
  • Breaking News
  • Business & Finance
  • Campaign & Elections
  • Classified
  • Climate
  • Conflict & War
  • Corruption
  • Crime
  • Education
  • Energy & Power
  • Entertainment
  • Event
  • Fashion
  • Food
  • Gender
  • General information
  • Health & Fitness
  • Interview
  • Lifestyle
  • News
  • Opinion
  • Personality
  • Photonews
  • Politics
  • Press Release
  • Property & Road
  • Protests & Riots
  • Religious
  • Society & Culture
  • Sports
  • Technology
  • Transport & Aviation
  • Travel & Tourism
  • Uncategorized

Recent News

Eid: Ajadi greets Muslims, urges Nigerians to emulate lessons of sacrifice

June 6, 2025

Toughest days are behind us, Tinubu tells Nigerians on Eid-el-Kabir

June 6, 2025
  • About
  • Privacy & Policy
  • Contact

© 2022 Media Bypass News - Designed by Petertechy Innovations.

No Result
View All Result
  • Home
  • All news
  • Team
  • About
  • Contact
  • Privacy Policy
  • My account

© 2022 Media Bypass News - Designed by Petertechy Innovations.

https://mediabypassnews.com/wp-content/uploads/2025/05/samak.mp4

WhatsApp us