Wale Edun Announces FG’s Plan to Make Cash Transfers to Poor Nigerians Amid Increasing Hardship

The New Diplomat
Writer

Ad

How Nigeria raked in N7.46 trillion trade surplus in Q2 2025, NBS reveals

By Abiola Olawale The National Bureau of Statistics (NBS) has announced that Nigeria achieved a trade surplus of N7.46 trillion in the second quarter of 2025 (Q2 2025). NBS explained that this figure underscores the country's growing export prowess, particularly in key sectors such as mineral fuels and machinery. The latest NBS report, titled Foreign…

Nigeria Records 15.92 % Inflation In March — NBS

Alleged N23bn fraud: Coalition Blast Ibas as Emergency Rule ends soon

Says Ibas dragged Rivers towards bankruptcy By Abiola Olawale With barely a week remaining until the expiration of the six-month state of emergency in Rivers State, Vice Admiral Ibok-Ete Ibas (retd.), the state's sole administrator, is currently embroiled in an explosive accusation of allegedly orchestrating a massive financial heist amounting to about ₦23 billion. The…

Ad

By Isaac Akerele

The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun said the Present administration plans to restart direct cash transfers to the poorest and most vulnerable Nigerians to further ease their pain.

According to him, the presidential panel on the social investment programs has prepared to go to President Tinubu with an internal recommendation to restart the direct payments to the poorest and the most vulnerable.

Mr. Edun also assured that this time, technology will be employed to ensure seamless and transparent payments, avoiding manual processes that may cause delays.

He further disclosed, during the Ministry’s retreat held in Uyo, Akwa-Ibom on Wednesday, that there have been about 3 million beneficiaries from the cash transfers so far, but with the poverty rates, there are probably another 12 million people, households that can benefit from that payment.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp