The Minister of Finance, Wale Edun, announced that over 600,000 households have received direct cash transfers from the federal government’s programme, which resumed payments after a brief suspension.
Edun spoke at a ministerial press briefing in Abuja on Thursday, highlighting the government’s commitment to transparency and accountability in its social protection initiatives, according to TheCable.
The Minister also discussed the government’s economic reforms, citing progress in revenue generation and a projected budget deficit of 4% in 2024.
Edun acknowledged temporary hardships caused by the reforms but assured that Nigerians will soon benefit from the expected outcomes, including reduced food prices and increased local food production.
He stated that the economy is “turning the corner” with macroeconomic stability, positioning it for sustained and inclusive growth that creates jobs, lifts millions out of poverty, and drives domestic and foreign investments.
“Following the resumption of payments, over 600,000 households have already received this direct transfer this week,” Edun was quoted as saying in a statement by in a statement on by Mohammed Manga, the ministry’s director of information and public relations.
