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Nigerian Govt restarts N75,000 cash payment to citizens

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Edun News

Tinubu's Anniversary

Minister of Finance, Wale Edun has said the 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 at a ministerial sectoral briefing to mark the first year in office of the President Bola Tinubu administration in Abuja.

He noted that the beneficiaries of the social investment scheme are 15 million households nationwide. Edun who is the chairman of the Presidential Panel of Social Investment programme explained that the cash transfer will improve the living standard of Nigerians in the immediate term. According to him, the Government has developed a system to ensure that payments get directly to beneficiaries through digital routes.

'It involves 75 million Nigerians and 15 households with the payment of N75,000 in the immediate term. 'To ensure public trust is there we have a system that has developed between the Ministers of Communications and Digital Economy, Health, and Youths with a global best standard in providing direct payment. 'On the one hand, each person must have a National Identity Number, secondly, the payment must be through digital routes.

 

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