President Bola Tinubu’s administration will relaunch the direct cash transfers to benefit 12 million Nigerians to tackle the current hardship in the country.
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, disclosed this during the ministry’s retreat in Uyo, Akwa-Ibom state on Wednesday.
According to Edun, the project which was initially created for 3 million Nigerian people, has been extended to more 12 million citizens.
Edun 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 3 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.”
He said, “The only thing delaying that is not waiting for the end of the report. It is something that the intervention is meant to happen immediately.
“We have experts in technology, the commitment was to make sure that we use technology to ensure that we have a seamless payment, a seamless movement between the registered and the direct beneficiaries, without any manual processes in between. So it’s taking time to automate that process immediately that direct payment will resume”.