25m Nigerians received ₦25,000 conditional cash transfer – FG

The Minister of Finance and Minister of the Economy, Wale Edun, shared this information with State House Correspondents following the National Economic Council meeting chaired by Vice President Kashim Shettima.

He outlined the measures implemented by President Bola Tinubu’s administration to alleviate the hardships faced by Nigerians as a result of subsidy removals and other policy reforms.

He reported that five million households have benefited from the direct cash transfers.

Additionally, he mentioned that in the past five days, at least 11,000 beneficiaries received ₦3.5 billion from the consumer credit scheme.

Furthermore, he noted that over ₦90 billion has been allocated to half a million Nigerian students through the student loan scheme.

On a different note, the government revealed that at least 321 Nigerians have died due to the recent floods that affected many states.

This information was shared during the National Economic Council meeting chaired by Vice President Kashim Shettima at the Presidential Villa in Abuja.

After the meeting, Anambra State Governor Professor Charles Soludo informed reporters that more than 1.2 million people have been displaced, leaving over one million homes damaged by the floods and the fatalities spanning across 34 states.

He also highlighted that large areas of farmland were lost in the disaster. Soludo expressed the NEC’s sorrow over the tragedy and called for measures to alleviate the suffering of those impacted.