The Federal Government has scrapped plans to distribute monthly cash of N8,000 to 12 million households as part of efforts to cushion the effects of the fuel subsidy removal, according to reports.
Sources in the Villa confirmed the reversal, citing concerns over the ability of the cash distribution to meet the administration’s goal of supporting the poor in the country grappling with the resultant price spike following the termination of the subsidy regime.
Instead, the administration is set to increase the country’s minimum wage, a longstanding demand of Nigeria’s Labour Union.
The increment is expected to jack up the earnings of millions of Nigerians and provide succour amid the palpable rise in the cost of living
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