The Federal Government Resuming direct cash transfers to Nigeria’s most vulnerable and impoverished citizens.
Currently, these programs serve about three million people, but the government estimates that 12 million more households may be eligible for these direct payments as a result of rising living expenses.
This idea was disclosed by Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, during the Ministry’s retreat in Uyo, Akwa-Ibom State.
The minister of finance declared, “The presidential panel on the social investment programs is ready to present an internal recommendation to Mr. President in order to resume direct payments to the most vulnerable and impoverished individuals. To lessen the suffering, every effort is being made.
“We know that there’s been about three million beneficiaries now, but given the way the rates have gone, there are probably another 12 million people, households that can benefit from that payment.”
The minister stated that the goal of the direct cash transfer extension is to help more people who are struggling financially by reaching out to a larger population and giving more money to those who need it most so they can prioritize their needs and reduce poverty.
In order to keep the President updated on progress, the Panel decided to notify him of its decision before the final report was finished.
Technology, according to Edun, would be utilized to guarantee quick and transparent payments while minimizing manual procedures and hold-ups.
“The only thing delaying that is not waiting for the report’s conclusion,” he stated. The intervention is intended to take place right away in this case.
