The World Bank has raised an alarm that only 10 per cent of targeted poor and vulnerable households have benefitted from the Federal Government’s recently launched cash transfer of N25,000 per month.
This is according to data from the World Bank’s Lead Economist for Nigeria, Alex Sienaert, during his presentation of the Nigeria Development Update December 2023 edition titled “Turning The Corner, From Reforms and Renewed Hope to Results” launched last week in Abuja.
According to his presentation document, the Federal Government plans to make cash transfers to low-income households, paying N25,000 per month for three months targeting 15 million households, however, only 1.5 m households had benefitted till date.
