The Nigerian government claims to have distributed ₦25,000 in cash transfers to 25 million citizens, aiming to ease the economic burden post-fuel subsidy removal. Finance Minister Wale Edun also announced credit support for 11,000 Nigerians and loans for students, though public skepticism remains high on social media.
The Nigerian government recently announced that it has disbursed ₦25,000 in conditional cash transfers to 25 million citizens, aimed at alleviating the economic strain following the removal of fuel subsidies. Finance Minister Wale Edun revealed this update after the National Economic Council meeting in Abuja, led by Vice President Kashim Shettima. According to Edun, the initiative has benefited five million households across the country.
In addition to the cash transfers, Edun disclosed that in the past five days, about ₦3.5 billion has been distributed through a consumer credit scheme to support 11,000 beneficiaries. Further efforts include a ₦90 billion student loan scheme that has reportedly aided over half a million Nigerian students.
Despite these claims, reactions from the public have been mixed. Social media comments reflect doubts about the program's reach, with some users questioning the validity of the figures and claiming not to know anyone who has received these funds. The gap between the government’s report and public feedback highlights ongoing concerns about transparency and distribution in government welfare initiatives.
