Wale Edun: 8.5m Poor Households Have Received N25,000 Each From Tinubu’sGovt

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has revealed that the federal government has disbursed N330 billion to 8.5 million poor households under its conditional cash transfer programme… . Read ..Full.. Article.. .

Speaking with journalists in Abuja on Tuesday, Edun said each household received at least one tranche of N25,000 through the National Social Safety Net Coordinating Office (NASSCO).

He said some households got one tranche while others received two or three payments.

The World Bank had approved $800 million for the Bola Tinubu administration to fund the initiative, which targets 15 million poor households with three instalments of N25,000 each.

In May, the bank criticised the scheme, noting that only 37 percent of targeted households had been reached two years after the programme began.

At the time, the bank said 5.6 million households had received payments out of the planned 15 million.

Edun said initial challenges with linking National Identity Numbers (NIN) to bank accounts and mobile wallets slowed the process.

He added that the issues have now been resolved and that the remaining seven million households will be paid before the end of the year, and..  Read . .More …