Advertisement
2023 GOVERNORSHIP AND
STATE HOUSE OF ASSEMBLY ELECTIONS
- days
- Hours
- Minutes
- Seconds
Advertisement
Minister of Finance and Coordinating Minister of the Economy, Wale Edun said President Bola Tinubu is not comfortable with the fact that 84 million Nigerians are living in poverty.
Edun stated this during the launch of the Renewed Hope Conditional Cash Transfer initiative at the Presidential Villa.
The minister noted that the situation makes ending poverty a priority for the Administration, noting that the N25,000 conditional cash transfer to 15 million households will help address the problem for the most vulnerable in the short term.
The government said, for three months,15 million poor households nationwide will receive N25,000 cash support, for which N1.125 trillion has been provided.
It targets over 61 million vulnerable Nigerians and is designed to cushion the petrol subsidy removal pain.
Advertisement
Edun said, “It (the number of poor Nigerians) is totally unacceptable to the President as it is to the rest of us.
“That is why it is perhaps his number one priority to tackle poverty and he has a programme to stabilise and grow the economy in general.”
Nigeria’s population is estimated at over 225 million, according to Worldometer, which provides real-time world statistics.
Vanguard
Disclaimer
Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.
Support The Pacesetter Frontier Magazine
It takes a lot to get credible, true and reliable stories.
As a privately owned media outfit, we believe in setting the pace and leaving strides in time.
If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.
Related posts
Stay connected
Recent News
Gov Umo Eno To Recruit Health Workers, Assures Fair, Transparent Process
Advertisement Akwa Ibom State Governor, Pastor Umo Eno, has assured that the planned recruitment of health workers in the State…
Enugu Water Corp. Deputy Director Arraigned Over Alleged Attempt to Defraud Residents N150,000
Advertisement …4 others arraigned for alleged illegal roadblock, extortion A serving Deputy Director in the Enugu State Water Cooperation, Mr….