BREAKING: Fed govt to restart direct cash transfers to 12m Nigerians
Recognizing the hardship faced by millions, the federal government plans to restart direct cash transfers to the poorest and most vulnerable Nigerians.
Presently, approximately 3 million people are recipients of these programmes, but due to the escalating cost of living, the government anticipates that an additional 12 million households could qualify for these direct payments.
Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this plan during the Ministry’s retreat held in Uyo, Akwa-Ibom state on Wednesday, February 21.
According to the finance minister, “The presidential panel on the social investment programmes, have prepared to go to Mr. President with an internal recommendation to restart the direct payments to the poorest and the most vulnerable. Everything is being done to ease the pain.
“We know that there’s been about 3 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 noted that the expansion of the direct cash transfer aims to reach a wider population struggling with the economic situation and to put more money directly in the hands of those who need it most, allowing them to prioritize their needs and alleviate poverty.
The decision to inform the President of the Panel’s decision before the final report is completed is to keep the President abreast of developments.
Wale Edun stated that technology will be used to ensure smooth and transparent payments, avoiding manual processes and delays.
He said: “The only thing delaying that is not waiting for the end of the report. It is something that the intervention is meant to happen immediately.
“We have experts in technology, the commitment was to make sure that we use technology to ensure that we have a seamless payment, a seamless movement between the registered and the direct beneficiaries, without any manual processes in between. So it’s taking time to automate that process immediately that direct payment will resume”.
Recognizing the significant impact of food prices on household budgets, the government is taking steps to increase food availability and drive down costs.
Yes dis my email
I will use the money to start my business
fatimaahmedduma@gmail.com
Our president may u live long and witness more success to Nigerians
I want to use the money to build my business
Taraba state / zing local government behind police station yalwe
I will use it to sell food stuff and pay my children fees
May Almighty continue to guide and protect your steps.stay blessed sir
I AM in support of the humanutarian project/ work Going on, i will love to be a benefiary of these wonderful projects, thank you.
Mr President may Nigeria continue to prosper
I will use it to start my business to anable me take care of my mum and my siblings.
I will use it to start farming work
Masha Allah
I will use it to start farm work and also to buy food stuffs for my kids
I will used it to state business by God wishes
God bless you
I will use the money to start a food business
Thank you Mr president, I will use the money to start up a business
Thank you Mr president
Thank you M President
Thank you mister president we used the money to start a good business God bless you
When is it really starting?
Hopefully this time they’d be no attempt to divert the money by some cabals.
I will use it to start my business to anable me take care of my mum and my siblings.
Onuoha Helen Chidi,
23/02/24 at 08:51pm
As a wedow, I will use the money to add to my business to anable me take proper care of my family .
I will use to start a business and take care of my children and my parents they’re very old
I’m delighted to have it i will use the money to boost my business and take good care of my family
I will use to start a business and take care of my children and my parents they’re very old
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