Minister of Finance, Budget and National Planning, Zainab Ahmed, has said that Nigerians would get 5 thousand naira per month as a transportation grant after the removal of fuel subsidies.
According to the Minister, the Federal Government will remove fuel subsidies by 2022 and give the poorest Nigerians a transportation grant of 5 thousand naira.
Ahmed said this today at the launch of the World Bank Nigeria Development Update in Abuja, stating that about 30 to 40 million Nigerians, who are the poorest in the country, would have access to the grant.
Ahmed also expressed hope that the Petroleum Industry Act 2021, the reactivation of public refineries, and the expected opening of three new private refineries in 2022 would boost economic growth.
She added that the social protection policies presented by COVID-19 allowed the government to safeguard the welfare of the country’s poor.
However, the Minister stated that the total number of beneficiaries would depend on the resources available to the government after the fuel subsidies have been removed.