News
FG announces plans to restart direct cash transfers to 12m Nigerians
The Federal Government has announced plans to restart direct cash transfers to the poorest and most vulnerable Nigerians, in a bid to cushion the economic hardship in the country.
Minister of Finance & Coordinating Minister for the Economy, Wale Edun, disclosed this at an event in Uyo, Akwa-Ibom state on February 21st. 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.
According to reports, the Finance Minister said:“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.
-
Featured5 days agoInside INEC’s race to prepare for Nigeria’s 2027 elections
-
Featured5 days ago2027: APC unveils nationwide campaign timetable, Tinubu to rally in 12 states
-
Latest1 week agoUCTH faces morgue crisis as 50 unclaimed corpses await mass burial
-
Business7 days agoPresident Tinubu and the Low Transport Fares Fiasco
-
Business1 week agoBREAKING: Nigeria’s Inflation Rate Drops to 14.63% in September
-
Business5 days agoCourt dismisses ₦170m Trade Fair contract claim, says Zenith Bank was not a party
-
Latest7 days agoGlobal excitement builds as Healing Streams Live Services returns October 23
-
Business3 days agoNaira faces exchange rate gap as Dollar hits N1,380 on parallel market