In a bid to tackle the economic challenges faced by citizens, President Bola Ahmed Tinubu has proposed solutions such as providing N25,000 monthly for three months to 15 million Nigerians and introducing tax waivers.
President Tinubu shared these initiatives on Sunday during an interview, marking his recognition as the Man-Of-The-Year by the Nation Newspaper. Acknowledging the severity of the economic crisis and its impact on Nigerians, Tinubu outlined proactive steps his administration is taking to address the issues.
According to him, his administration is taking proactive steps to nip the challenges in the bud.
He highlighted that the country has commenced a tax waiver for Compressed Natural Gas purchases and diesel to ease the impact of fuel subsidy removal on transportation.
“As your President, I am deeply aware of the severe impact of the economic crisis on Nigerians, and we are part of a global challenge with the rising living costs. To help our people, my administration is taking proactive steps.
“We are focused on providing financial support to businesses and ensuring the availability and affordability of staple foods, which are essential for every Nigerian family.
“One of our key initiatives is the provision of N25,000 monthly to 15 million households for three months.
“To further support food security, we’re working with our local and international partners to improve agricultural practices and provide essential resources to farmers”, he said.