The federal government has revealed its intention to provide succor to Nigerians amid the current hardship via a cash transfer to 12 million vulnerable Nigerians.
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Minister for Finance, Wale Edun revealed this in Uyo, Akwa Ibom State, while addressing some staff of the Ministry at the Ministry’s retreat.
His words:
“The presidential panel on the social investment programmes, have prepared to go to Mr. President with an internal recommendation to restart the direct payments to the poorest and the most vulnerable. Everything is being done to ease the pain,” Edun said.
“We know that there’s been about 3 million beneficiaries now, but given the way the rates have gone, there are probably another 12 million people, households that can benefit from that payment.”
The Minister said this new plan was in a bid to reach a larger group of Nigerians facing untold hardship as a result of the recent economic policies of the administration.
Wale Edun stated that technology will be employed to ensure smooth and transparent payments, avoiding manual processes and delays.
He said: “The only thing delaying that is not waiting for the end of the report. It is something that the intervention is meant to happen immediately.
“We have experts in technology, the commitment was to make sure that we use technology to ensure that we have a seamless payment, a seamless movement between the registered and the direct beneficiaries, without any manual processes in between. So it’s taking time to automate that process immediately that direct payment will resume”.
