Nigerians to receive credit alert every month.

President Bola Ahmed Tinubu has said 12 million families will get N8,000 over a period of six months to lessen the hardships faced by Nigerians as a result of subsidy removal.

In a letter to the house of representatives read by Speaker Tajudeen Abbas during plenary on Thursday, July 13, Tinubu said it was support to enable poor and vulnerable Nigerians to cope with the cost of meeting basic needs.

The letter was for approval of additional financing for the national social safety net programme scaled up by the national assembly.

He said this would have a multiplier effect on about 60 million individuals.

In order to guarantee the credibility of the process, he stated that digital transfers would be made directly to beneficiaries' accounts.