Tinubu Introduces ₦25k Monthly Aid and Tax Waivers to Alleviate Nigeria’s Economic Struggles

President Bola Ahmed Tinubu has unveiled a multifaceted economic plan to address the financial struggles faced by Nigerians.

In an interview marking his recognition as the Man-of-the-Year by the Nation Newspaper, Tinubu acknowledged the global economic challenges and the severe impact on his citizens. He outlined key initiatives, including the provision of ₦25,000 monthly for three months to 15 million households, aiming to alleviate financial burdens.

Additionally, Tinubu highlighted tax waivers, particularly for Compressed Natural Gas purchases and diesel, to mitigate the effects of fuel subsidy removal on transportation.

The President emphasized a commitment to supporting businesses, ensuring staple food affordability, and collaborating with local and international partners to enhance agricultural practices.

This comprehensive approach reflects Tinubu’s proactive steps in navigating the economic crisis and fostering economic resilience for the Nigerian people.

Source: Nigerianbulletin