Bola Tinubu-led government has announced the commencement of transfer of funds to Nigeria’s “poorest and most vulnerable citizens.
This was communicated by the Federal Ministry of Finance in a statement posted on its official X handle.
“The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presided over a pivotal meeting of the Presidential Panel on the Social Investment Program (SIP) today at Finance HQ. The meeting was convened to provide updates on the progress of the Direct Benefit Transfer (DBT) programme, introduce newly-appointed members of the National Social Investment Program (NSIP), and discuss the Youth Employment Benefits scheme, including key design considerations.” the tweet read.
“During the discussions, a comprehensive report on the committee’s activities was presented, showcasing significant strides in the direct transfer of funds to the nation’s poorest and most vulnerable citizens. The presentation also included the introduction of a new draft for the Youth Employment Benefits scheme, aimed at addressing youth unemployment through targeted interventions.”
“The Honourable Minister underscored the importance of transparency and accountability in the implementation of social investment policies. He emphasised the need for platforms that allow citizens to monitor and verify the progress of these interventions, ensuring that they are effectively reaching those in need.”
Source: Sahara Reporters
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