The Federal Government, on Thursday stated that 25 million Nigerians have so far benefitted from the ₦25,000 Conditional Cash Transfer.
This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. He stated this after the National Economic Council, NEC meeting presided over by Vice President Kashim Shettima.
Edun outlined the measures taken by President Bola Tinubu’s administration to alleviate the economic challenges most Nigerians as facing.
Recall that the Nigerian economy took a twist following the subsidy removal and the devaluation of the Naira.
However, the President Tinubu’s administration have been churning out palliative measures to reduce the effects of these policies.
Therefore, on Thursday, the Finance Minister announced that five million households are beneficiaries of the direct cash transfer.
He further revealed that over the past five days, approximately 11,000 beneficiaries have received ₦3.5 billion through the consumer credit scheme.
“Over ₦90 billion has been disbursed to half a million Nigerian students through the student loan scheme,” Edun said.
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