Thursday, July 31, 2025

The Truth Banishes Fear!

N5,000 Enough To Change Lives Of Some Nigerians, Buhari’s Minister Says

Abiola Olawale
Writer

Ad

The 25 Richest Countries in the World (Depending on What’s Measured)

Key Takeaways Luxembourg’s immense output per person ($141K GDP per capita) masks much of its non-resident workers. Qatar’s oil windfall lifts GDP per capita ($72K) but that hasn’t spread into broader wealth, unlike Australia or Belgium. English-speaking countries translate middling GDP per capita into high median wealth through property ownership and strong pension systems. Generating…

Oil Prices Climb as U.S. and EU Reach Historic Tariff Agreement

The United States and European Union officially reached a tariff agreement on Sunday, averting a potentially crippling transatlantic trade war. Following months of contentious negotiations, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal at Trump’s Turnberry golf resort in Scotland.   The announcement sent oil prices higher on…

Tinubu Names Olumode Samuel Adeyemi as New Federal Fire Service Chief

By Hamilton Nwosu  President Bola Ahmed Tinubu has appointed Deputy Controller-General (DCG) Olumode Samuel Adeyemi as the new Controller-General of the Federal Fire Service (FFS), effective August 14, 2025.   The announcement was made in a statement by the Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB), signed by its secretary, Abdulmalik Jibrin.  …

Ad

The Minister of Humanitarian Services, Disaster Management and Social Development, Hajiya Sadiya Umar Farouk, has criticised those who perceived the N5,000 monthly cash transfer of the Federal Government as insufficient, saying that it is only an elitist view.

The minister while speaking during a press conference on Thursday said N5,000 is enough to improve the lives of poor Nigerians.

According to her, the N5,000 monthly cash initiative of the administration of President Muhammadu Buhari has impacted over 1.6 million Nigerians.

She explained that it’s only the elites in the country that see the N5,000 as a meagre amount, adding that those who are the direct beneficiaries of the initiative are categorized as the poor and vulnerable of society.

In her words, “If you look at the people that you are taking this intervention to, N5,000 means a lot to them because these are poor and vulnerable households and it changes their status, but for you and me, N5,000 is not even enough for us to buy recharge card, that’s the difference.

“But for these poor people in the communities, you have seen, they were able to save out of that N5,000, if it’s not making any impact, if it’s not changing their economic status, I don’t think anybody will force them to contribute that N1,000 to provide that vehicle for their use. So, N5,000 goes a long way.

“When people say N5000 does not save people, that is an elitist statement, honestly because we’ve had causes to go to the field, and we have seen these people that when you give them this N5,000, they cried and shed tears because they’ve never seen N5,000 it in their lives. So, it goes a long way, it changes their status and by that, it lifts them from one stage to another.” Farouk said.

Ad

X whatsapp