April 17, 2024 1:05 pm
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Government to Provide Monthly Cash Transfer of N8,000 to Over 12 Million Impoverished Households for Six Months





“President Bola Tinubu has disclosed a plan by the Federal Government to transfer N8,000 to 12 million poor households in Nigeria for a period of six months.”

President Bola Tinubu: “The Federal Government is planning to transfer N8,000 to 12 million poor households in Nigeria for a period of six months.”

  1. The Plan

President Bola Tinubu has revealed a remarkable plan by the Federal Government to support 12 million impoverished households in Nigeria. The initiative involves transferring N8,000 to each household over a duration of six months.

President Bola Tinubu: “The money transfer to these households would have a multiplier effect on approximately 60 million individuals.”

  1. The Loan Request

In a letter addressed to the House of Representatives, President Bola Tinubu outlined the Buhari administration’s request for an $800 million loan to fund this social safety net program. The President is seeking the approval of the House to secure the loan.

President Bola Tinubu: “To ensure credibility, the money will be transferred digitally to the households.”

President Bola Tinubu emphasized the importance of digital transfers to ensure transparency and accountability in delivering the financial support to the households in need.

More details about this initiative will be provided at a later time.


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