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.
Açcording 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.
