25 million Nigerians have received ₦25,000 conditional cash transfer — FG

The Federal Government says 25 million Nigerians have so far received the ₦25,000 conditional cash transfer.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on Thursday, October 31, after the National Economic Council meeting chaired by Vice President Kashim Shettima in Abuja. 

Speaking on the steps taken by the federal government to cushion the effect of the fuel subsidy removal, the minister said five million households have benefited from the direct transfer.

He also disclosed that in the last five days, no fewer than 11,000 beneficiaries have received ₦3.5 billion from the consumer credit scheme.

He further said over ₦90 billion has so far been disbursed to half a million Nigerian students under the student loan scheme.