By Glam & Essence
The plans to restart direct cash transfers to the poorest and most vulnerable Nigerians, has been announced by the federal government.
This decision was reached as a way to cushion the economic hardship in the country.
This was disclosed by the
Minister of Finance and Coordinating Minister for the Economy, Wale Edun, at an event in Uyo, Akwa-Ibom state on Wednesday, the 21st of February. Recipients of these programmes has since been increased to 12 million poor Nigerians from the previous number of 3 million, due to the escalating cost of living.
Edun 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.”
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.
Source: The Nation
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