Minister of Finance, Wale Edun has said Federal Government has restarted the provision of conditional direct N75,000 cash transfers to 75 million Nigerians to tackle the impact of inflation.
Edun disclosed this on Tuesday, May 28, at a ministerial sectoral briefing to mark the first year in office of President Bola Ahmed Tinubu administratiion in Abuja.
He noted that the beneficiaries of the Social Investment Scheme are 15 million nationwide.
Edun, who is the Chairman and the Presidential Panel of Social Investment Programme, explained that the cash transfer will improve the living standard of Nigerians in the immediate term.
AƧcording to the Finance Minister, the Government has developed a system to ensure that payments get directly to beneficiaries through digital routes.
Edun announced that government has recruited Mobile Network operators to fasten the roll-out of the scheme.
He stated beneficiaries must have a National Identity Number (NIN), Account Number or Mobile Wallets to receive the cash transfer payments.
-9News Nigeria.
THE ROTTEN FISH: CAN OF WORMS OPENED OF APC & TINUBU'S GOVERNMENT OVER NIGERIA'S ECONOMIC DOWNTURN
WATCH THE CRITICAL ANALYSIS AND KNOW THE RESPONSIBLE PARTIES TO BLAME FOR NIGERIA'S ECONOMIC CHALLENGES, WHILE CITIZENS ENDURE SEVERE HARDSHIPS.Watch this episode of ISSUES IN THE NEWS on 9News Nigeria featuring Peter Obi's Special Adviser, Dr Katch Ononuju, 9News Nigeria Publisher, Obinna Ejianya and Tinubu Support Group Leader, McHezekiah Eherechi
The economic crisis and hardship in Nigeria are parts of the discussion.
Watch, leave your comments, and share to create more awareness on this issue.
#9NewsNigeria #Nigeria #issuesInTheNews #politics #tinubu THE ROTTEN FISH: CAN OF WORMS OPENED ...
DON'T FORGET TO SUBSCRIBE AND LEAVE YOUR COMMENTS FOR SUBSEQUENT UPDATES
#9newsnigeria #economia #economy #nigeria #government @9newsng
www.9newsng.com