Jubilation as Nigerian Govt Disburses Over N3.5 Billion to Teachers, Doctors, Others, Details Emerge

Jubilation as Nigerian Govt Disburses Over N3.5 Billion to Teachers, Doctors, Others, Details Emerge

Legit.ng journalist, Ridwan Adeola Yusuf, has over 9 years of experience covering public affairs.

FCT, Abuja - The Nigerian Consumer Credit Corporation (CREDICORP) has reportedly disbursed over N3.5 billion to beneficiaries.

According to Fredrick Nwabufo, the senior special assistant to President Bola Tinubu on public engagement, teachers, medical doctors, security officers, administrators, and workers in specialised services as the first beneficiaries.

Nwabufo said on Friday, September 27, that CREDICORP's data also showed that over N1.5 billion has been disbursed to federal and state workers in the education sector.

The presidential aide assured that the credit blanket will spread further to cover the majority of Nigerians in subsequent phases.

He said in a statement:

"CREDICORP has begun disbursement. And Nigerians from across diverse backgrounds and sectors, especially those in the essential service sector, are the latest beneficiaries. So far, the agency has disbursed over N3.5 billion with teachers, medical doctors, security officers, administrators, and workers in specialised services as the first beneficiaries."

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Nwabufo continued:

"The CREDICORP data also shows that over N1.5 billion has been disbursed to federal and state workers in the education sector; administrators in federal and state MDAs over N755 million; medical doctors in federal and state services over N600 million; police/paramilitary officers (police, civil defence, customs, immigration, and correctional service) over N367 million, and Nigerians in specialised services (judiciary, EFCC, ICPC, traffic authorities, environment) over N273 million.
"Additionally, in the education sector, over 4,700 Nigerians are beneficiaries; in administration over 2,800; in health over 1,300; police/paramilitary over 1,260, and specialised services, over 750. More Nigerians are being enlisted as beneficiaries of this epochal scheme."

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Doris Aniete, the Minister of Industry, Trade, and Investment, disclosed this information and emphasised that the ministry is 'diligently working' to ensure the timely disbursement of funds to qualifying businesses.

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Source: Legit.ng

Authors:
Ridwan Adeola avatar

Ridwan Adeola (Current Affairs Editor) Ridwan Adeola Yusuf is a Current Affairs Editor at Legit.ng and a certified journalist with over 9 years of experience. He edited Politics Nigeria's articles, was the Acting Editor of AllNews Nigeria and Fact-Checking Researcher (Africa Check). He received his HND in Mass Communication from The Polytechnic Ibadan. He received a Certificate of Achievement (Journalism Clinic’s Fix The Leak masterclass, 2021) and also completed Google News Initiative's Advance digital reporting curriculum. Contact him at ridwan.adeola@corp.legit.ng.