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BREAKING: FG announces cash transfers to 12 million Nigerians amid economic hardship

The federal government has announced a fresh plan to restart direct cash transfers to the poorest and most vulnerable Nigerians amid the current economic crisis.

Minister of Finance and Coordinating Minister for the Economy, Wale Edun, discussed this during the Ministry’s retreat held in Uyo, Akwa-Ibom state on Wednesday, February 21.

“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,” Edun said.

“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.”

According to him, 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.

Wale Edun stated that technology will be employed 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”.

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25 Comments

  1. Useless people, do u think giving out money to citizens is our problem? How much can u even afford to give?tinubu must go!

    1. Why are you shouting Tinubu most go, no way my brother Tinubu is here to stay. At least not until he has finished his 8years

      1. Abeg ohhh, Make una pity us. For the sake of God, for the sake of the poor masses, for the sake of the little hungry children, for the sake of the pride of the country

  2. Who are these nigerians that they are sharing these millions to or are sharing these millions to spirits?Robbers everywhere

  3. Who are those Nigerians in title to this fun transfer that all Nigerians are crying you came out without fear in public and said 3 million Nigerians name them

  4. am of the cash transfer facilitators, over 5000 people got the first batch of N25000 each in the local government where am living second batch is in the way

    1. The solution to arrest food shortage or souring cost of food stuff should’nt be shearing money, government should find a way to reverse the cost of petroleum products .& purchase ,& find the mean to attract farmers directly through local government wards & ensuring that fund gets to them.

  5. Who are they deceiving? they should be planning on how to make this country a better place to stay. This is how they say it, I have never seen anybody that benefitted it

  6. Stop it the greatest liar ever. We just sense the failure of your government, the presidency was surrounded by clueless people. LOL !

  7. Even if you give us money today we will still be hungry tommorow. I suggest you used the money to fix our refineries. Thank you.

  8. Abeg ohhh, Make una pity us. For the sake of God, for the sake of the poor masses, for the sake of the little hungry children, for the sake of the pride of the country

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