In a recent national broadcast, President Bola Ahmed Tinubu made a significant announcement aimed at alleviating the adverse effects of the removal of fuel subsidies on millions of Nigerians.
He disclosed that a monthly stipend of N5000 would be provided to poor citizens, and commercial banks would play a crucial role in verifying the eligibility of beneficiaries.
Exclusion of the National Social Register:
These financial institutions will work together to develop a robust and appropriate transaction structure that benefits all stakeholders involved.