The Nigerian government has announced plans to distribute financial aid to 20 million poor households, marking a significant expansion from the previous five million households that benefited from the subsidy.
This initiative aims to alleviate the suffering of vulnerable citizens, particularly in the wake of the fuel subsidy removal.
The government will utilize a registry to identify deserving individuals, ensuring that aid reaches those who genuinely need it.
The program will now cover 20 million households, up from the initial five million.
Recall that the government had previously planned to provide 88,000 naira to citizens to stimulate economic activity.
Although the exact timeline is unclear, past initiatives suggest support may be distributed over six months.
President Tinubu announced a 9.1 trillion naira profit in the first six months of 2024, doubling last year's earnings of 4.06 trillion naira.
The government aims to allocate these funds to support the poor and bolster key sectors such as agriculture, industry, petroleum resources, and housing.
Finance Minister Wale Edun emphasized the administration's dedication to improving the lives of poor Nigerians, with the program expected to benefit 60% of the country's impoverished population.
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