₦airaland Forum

The Federal Government has unveiled a comprehensive plan to provide cash transfers to 20 million poor Nigerians in a move to address poverty and improve living standards.

According to Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the social investment program aims to impact 60% of the poorest citizens, directly supporting 20 million households.

He made the disclosure at a panel session titled ‘Fiscal Reforms for a More Secure Future’ during the 30th Nigeria Economic Summit in Abuja on Tuesday.

He said the government’s economic reform agenda focuses on reducing inflation, creating jobs, and stimulating growth in key sectors such as agriculture, manufacturing, oil, and housing.

Edun attributed the increased revenue to the effective application of technology, which has reformed the civil service and improved domestic resource mobilization.

He said, “In terms of revenue, the number one place to look was inwards, domestic resource mobilisation. That’s where the government started. By the first half of this year, revenue had doubled.

“Aggregate government revenue was more than doubled. And that was achieved by applying technology very robustly.

“We have applied technology in a way that essentially reforms the civil service. Rather than waiting for compliance from government ministries, departments and agencies and government companies, we looked at what the rules and regulations were, how much a company was allowed to spend on its revenue, and then how much of its surplus it had to provide to government.

“The social investment programme is spearheaded by direct transfers to reach 60 per cent poorest in the population. And right now, 20 million households are being supported directly. And it’s going to rise to, well, 20 million people, four million households so far, and it will rise to 15 million households who will be paid directly by the government.

“That is how President Tinubu’s government is spending the money which is being yielded from better oil production.”

Edun also revealed that the government is focused on agriculture, manufacturing, oil, and housing as vital drivers of the country’s economy.

“We are looking to food production to help bring down inflation,” he explained.

“We aim to make food more available, affordable, and to reduce the cost of living for Nigerians.”


Source : https://politicsnigeria.com/fg-to-tackle-poverty-plans-cash-transfers-for-20-million-poor-nigerians/

Better days are coming.

Time to distribute 2 derica cups of rice and 5k per household

Here we go again. Rubbish

Is it not a shame Buhari was a better performer than this fool.

Toh

The critics would say something else about this.

Something like, why can't the government create more jobs instead of giving handouts

Just as Buhari also did cash transfer and it changed nothing, mired in corruption.

What is making feeding very expensive for the poor should be tackled realistically and not the cosmetics of cash transfer.

W

This is a very strategic move to alleviate poverty and support the most vulnerable in our society.
God bless Nigeria for ever!

They have done this before it didn't work.
Up till this moment, the former Minister of Humanitarian Affairs could not identify the poor families she distributed over 700 billion naira to during the COVID-19.
A court hav asked her to come and identify the poor families, but till now nothing has been heard about the case.
These people knows how to share the money with all sorts of format.

Cineinfo:
Here we go again. Rubbish

And all this money wey dem dey waste na loan money, loans that the same poor and their children will continue to pay off for many generations to come.

Another monumental corruption disguised as humanitarian aids.

Hope this unfortunate being aware that no middle class anymore. Its either you rich or poor.

Lies from pit hell

trutharena:
Better days are coming.

Handouts are better days?

Truly hopelessness and senselessness na honour to some people. Una hailed Osibanjo during trader money. What was the benefit?

Hands that won't last for a week, just like the 3 cups of rice palliative you gives rejoiced over.

Bros go, work, earn a living. Stop this madness
It cannot get the country out of the bottomless pit your god has plunge it.

ogaemma:
They have done this before it didn't work.
Up till this moment, the former Minister of Humanitarian Affairs could not identify the poor families she distributed over 700 billion naira to during the COVID-19.
A court hav asked her to come and identify the poor families, but till now nothing has been heard about the case.
These people knows how to share the money with all sorts of format.

They don't have any iota of idea of what to do. They have been sharing this and that since last year (even 2015) and yet, no positive results. Anyway, it seems that it is just a way to steal.

nedu666:
Time to distribute 2 derica cups of rice and 5k per household

Yes oooo.

And his supporters are excited.

They are used to living on handouts from their "big men". They don't know that there is honour in working and earning a living. Once go to their "bosses" houses and they throw N5k at them, they are made.

This is a very good initiative.

With the right implementation, it will go a long way in alleviating the suffering of many Nigerians.