President Bola Ahmed Tinubu has said N8,000 will be given to 12 million families over a period of six months as a means of ameliorating the hardships of Nigerians as a result of subsidy removal.
He also sought the approval of the House of Representatives for the additional loan facility of $800 million from the World Bank for the National Social Safety Net Programme.
In a letter to the House of Representatives read by Speaker Tajudeen Abbas during plenary on Tuesday, Tinubu said the support was to enable poor and vulnerable Nigerians to cope with the cost of meeting basic needs.
The letter was for approval of additional financing for the national social safety net programme (scale-up) by the National Assembly.
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