Tinubu’s Govt Gives N25,000 to 25 Million Nigerians

• The federal government said 25 million Nigerians have received the N25,000 conditional cash transfer as part of its economic relief efforts
• Finance Minister Wale Edun disclosed this to the press on Thursday and maintained that it was part of Tinubu's government's initiatives to support citizens affected by fuel subsidy removals and other reform policy
• Edun also revealed that N90 billion has been distributed to students through the student loan scheme

Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements.

State House, Abuja - On Thursday, October 31, President Bola Ahmed Tinubu led the federal government announced that N25 million Nigerians have so far received the N25,000 conditional cash transfer.

The minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this while briefing State House Correspondents shortly after the National Economic Council (NEC) meeting chaired by Vice President Kashim Shettima.

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He enumerated the steps taken by President Bola Tinubu’s administration to provide relief for Nigerians following the sufferings occasioned by the removal of subsidies and other policy reforms being implemented by the government.

According to him, five million households have benefited from the direct transfer, Channels TV reported.

He also disclosed that in the last five days, no fewer than 11,000 beneficiaries have received N3.5 billion from the consumer credit scheme.

He further said over N90 billion has so far been disbursed to half a million Nigerian students under the student loan scheme.

The Nation confirmed the development in its publication on Thursday.

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FG is set to allocate $180 million to Nigerian women

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In a similar development, Legit.ng reported that the federal government had set aside $180 million to support young Nigerian women in the design and technology sectors.

The initiative supports young Nigerian entrepreneurs engaged in early-stage ventures that integrate technology, creativity, and innovation.

By 2030, the World Bank Group hoped that 300 million more women would have access to financial services, job and more opportunities.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

Source: Legit.ng