After being caught in different forms of lies and propaganda, Chief Bola Ahmed Tinubu’s government has restarted the provision of conditional direct N75,000 cash transfers to 75 million Nigerians, aiming to mitigate the impact of inflation.
This was announced by the Minister of Finance, Wale Edun, during a ministerial sectoral briefing marking the first year of Chief Bola Tinubu’s administration in Abuja.
However, Parallel Facts has ascertained that the palliative never existed. If there were any N75,000 palliative to mitigate inflation, at least one million Nigerians should have spoken out about receiving their palliative funds.
Edun, who chairs the Presidential Panel on Social Investment, stated that the scheme targets 15 million households nationwide. He emphasized that the cash transfers are intended to immediately improve living standards for the beneficiaries.
To ensure efficient delivery, the government has developed a system that ensures payments reach beneficiaries through digital means.
Edun mentioned that Mobile Network operators have been engaged to expedite the rollout of the scheme. Beneficiaries are required to have a National Identity Number and either a bank account or mobile wallet to receive the payments.
He stated, “As the Chairman of the Presidential Panel of Social Investment program, the all-important direct payment to the poor.
“Which is the veritable tool and sharpest tool we can have for attacking increased living standards. That program has been restarted.
“It involves 75 million Nigerians and 15 households with the payment of N75,000 in the immediate term.
“To ensure public trust is there we have a system that has developed between the Ministers of Communications and Digital Economy, Health, and Youths with a global best standard in providing direct payment.
“On the one hand, each person must have a National Identity Number, secondly, the payment must be through digital routes. Whether BVN, that is bank account Accounts or mobile wallets.
“Mobile Network operators have been recruited to ensure we have a faster rollout of the program. That is one of the key ways initially that the poor and vulnerable will be helped,” he added.
The initiative follows a suspension of previous programs administered by the National Social Investment Programme Agency and the Humanitarian Ministry due to allegations of misappropriation.
Earlier this year, Tinubu suspended the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, on January 8 over alleged funds’ mismanagement under NSIPA.#tinubu
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