The Federal Government has made a u-turn on its proposed N8,000 cash palliative to 12 million households in Nigeria which was initially aimed to cushion the effects of the fuel subsidy removal.
According to Podium Reporters quoting a source in the Villa – the country’s seat of power, the reversal of the proposed cash palliative was because it will not meet the government’s goal of supporting the poor in the country grappling with the resultant price spike following the termination of the corrupt subsidy regime.
To this, government has decided to heed to call of the Nigeria Labour Congress (NLC) to increase the country’s minimum wage.
It is expected that when this becomes a reality, Nigerian workers will be able to manage with the current economic hardship.
Also, it was gathered that the government will distribute commodities to the poor to offer relief and ensure their survival as the country confronts the expected shocks widely predicted to follow the termination of the subsidy regime which burdened
the country’s finances and starved other important sectors such as health, education and infrastructure of required funds to grow and develop.