The FG Transport Subsidy Grant is an allowance that will be given to Nigerians when the subsidy on oil is officially removed come July 2022
Nigerians from all facets of Life will be entitled to transportation grants as the fuel subsidy regime ends come July 2022, Nigeria’s Finance Minister confirmed it
In June 2022, fuel may become N350 per liter but FG will be making conditional cash transfers to poor citizens to cushion the effect of the N350/liter fuel on transportation costs for 6 or 12 months.
The Federal Government will no longer accommodate fuel subsidy come July 2022, there is no provision for fuel subsidy in the 2022 National Budget.
To cushion against the effect of high transport fares, the Federal Government is making plans to pay Nigerians “ Transport Allowance” known as Transport Subsidy Grant after removing fuel subsidy.
No figure for the grant has been given, but since it involved millions of Nigerians, N50,000 to N120,000 was suggested for a start.
How The FG Transport Subsidy Grant 2022 Will Be paid To Nigerians
The Transport Subsidy Grant will be paid for a short period like 6 months 9 months or the maximum of 12 months.
Transport subsidies would be given directly to individuals, not associations, or groups.
The NIN will be used to track all qualified and suitable Nigerians that will benefit from the grant
The grant money will be transferred to people using their BVNs, account number, and national identity number.
Requirements for the FG Transport Subsidy Grant 2022
To benefit from this grant:
You must be a Nigerian
You have had a BVN
You must have the NIN number
Your bank account number must be active
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