According to data from the World Bank, 99.9% of the targeted poor and vulnerable households have not yet received the N25,000 monthly cash handout that the Federal Government recently promised.
The Times reports that information from Alex Sienaert, the World Bank’s lead economist for Nigeria, was shared last week in Abuja during the Nigeria Development Update, December 2023 edition.
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According to his presentation materials, the Federal Government plans to give low-income households cash transfers, worth N25,000 each month for three months.
President Bola Tinubu introduced the Conditional Cash Transfer Program on October 17, 2023, with funding support of $800 million from the World Bank.
This program intends to assist 15 million Nigerian households that make less than N75,000 per month and are considered poor, near-poor, or vulnerable.
