The Federal Government is set to facilitate the use of mobile phones of Nigerians in the transfer of the 15 million households’ conditional cash transfer program. This was disclosed in a recommendation statement released via X (Twitter) by the Fiscal Policy and Tax Reforms Committee submitted to the federal government.
Chairman of the committe, Taiwo Oyedele, says the key recommendations include but are not limited to facilitating the use of mobile phones for conditional cash transfers and introducing a spending framework for subsidy removal and forex reform windfall, including a national portal to track spending by FG, states, and local governments.
Earlier on, President Bola Ahmed Tinubu unveiled the plan to distribute N75,000 cash transfer to 15 million households as part of its efforts to ease the effect of the removal of subsidy. In addition, the federal government intends to suspend multiple taxation, particularly in the informal sector, impeding the growth of small businesses in the country.
Suspension of multiple taxes which place burdens on the poor and small businesses and compensate with windfalls revenue of certain agencies. Subsequently, Special Adviser to the President on Media and Publicity, Ajuri Ngelale, said the President has ordered that the recommendations be immediately implemented across all Ministries, Departments, and Agencies (MDAs) of the federal government.
Furthermore, he revealed that the President is committed to prioritizing the presentation of these recommendations during the next Federal Executive Council (FEC) meeting scheduled on Monday.