Resuming direct cash transfers to Nigeria’s most vulnerable and impoverished citizens is one of the goals of the federal government, according to the Coordinating Minister of the Economy, Wale Edun.
Currently, these programs serve about three million people, but the government estimates that 12 million more households may be eligible for these direct payments as a result of rising living expenses.
The 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.
“We know that there’s been about three 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.”
The minister stated that the goal of the direct cash transfer extension is to help more people who are struggling financially by reaching out to a larger population and giving more money to those who need it most so they can prioritize their needs and reduce poverty.
In order to keep the President updated on progress, the Panel decided to notify him of its decision before the final report was finished.
Technology, according to Edun, would be utilized to guarantee quick and transparent payments while minimizing manual procedures and hold-ups.
