The proposal of an N500 billion palliative by President Bola Tinubu to offset the effects of petrol subsidy removal has sparked varied reactions. In response, the House of Representatives swiftly approved the request, emphasizing the need for proper utilization of the funds as intended.
Here are important details on how to benefit from the palliatives:
1. National Social Register: To be eligible for palliative, individuals must be on the “national social register.” This register, developed by the Ministry of Humanitarian Affairs, Disaster Management, and Social Development, contains the profiles of vulnerable members who have been identified and registered. As of January 2022, over 46 million Nigerians have been captured in this register.
2. Cash Transfers: While the specific implementation details are yet to be fully outlined, the cash transfers are intended for impoverished and vulnerable individuals residing in both rural and urban areas of Nigeria.
3. Vulnerability Criteria: Vulnerability is determined based on evidence-based assessments, in line with the Constitution of the Federal Republic of Nigeria. The Multidimensional Poverty Index (MPI) is used to assess vulnerable populations, taking into account various deprivations in health, education, and standard of living at the household and individual levels.
4. Particularly Vulnerable Groups: Certain segments of the population are considered particularly vulnerable, including children, adolescent girls, women, the elderly, the unemployed, malnourished individuals, and those with pre-existing health conditions or disabilities.
These key points shed light on the N500 billion palliative and its intended beneficiaries.