To assuage the anger of Nigerians over the increase in the price of premium motor spirit to N145 a litre, the Muhammadu Buhari administration has rolled out palliative measures running into half a trillion naira.
- 5.5 million school children to be fed for 200 school days in first phase of homegrown school feeding programme
- Over 1.6 million Nigerian traders, market women, men, artisans to receive loans.
- 1 million extremely poor and vulnerable Nigerians to receive N60,000 this year in 12 months payments of N5000 each.
- the direct payment of N5000 monthly to one million extremely poor Nigerians for 12 months as provided for in the 2016 budget for which N$68.7B has been appropriated.
- the direct provision of very soft loan -cash for market women, men and traders, including artisans and Agric workers. This would be for a total of 1.76m Nigerians, without the requirement for conventional collateral. Some of the traders will likely get about N60,000. A total sum of N140.3B has already been appropriated for this in the budget,
-They would also be given electronic devices to empower them technologically both for their assignments and beyond
-similarly 100,000 artisans would also be trained and paid
N191.5B has been set aside for this in the passed budget.