Abuja - The federal government has revealed how it would fund the N5 000 monthly welfare payment to vulnerable Nigerians, Vanguard reports.
This was disclosed by Information minister Lai Mohammed when he paid a visit to Vanguard newspaper office in Abuja.
Mohammed said beneficiaries of the N5 000 monthly payment would be required to meet conditions, including enrolment into the country’s development agenda.
He stated that the intention of the federal government is to move out millions of Nigerians from poverty.
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He said part of what the government intends to do with the half a trillion naira is to train market women, artisans and unemployed graduates in the art of management and also give them loans to start their own businesses. Part of our social intervention also includes the transfer of N5 000 to the most vulnerable people.
He also said the program is being partnered by the World Bank and other multilateral organisations, adding that it has been done in many countries before and it is believed that it can be done here.
Read more at Vanguard
- News 24