The Buhari-led government is on the verge of implementing one of its striking campaign promises that it will pay N5,000 each to the unemployed and poorest Nigerians across the country.
The Vice President, Yemi Osinbajo who disclosed this at the 10th Year Anniversary Lecture of Crescent University, Abeokuta, Ogun State titled, ‘The Nigerian Economy and the Future’, hinted that the unemployed as well as the poor Nigerians would pocket N5,000 monthly.
Osinbajo disclosed that government is currently evaluating the best ways to collapse existing cash transfer and social welfare schemes to ensure consistency and alignment.
“Once this is completed, we will implement the first phase of this program, using recognized identification platforms and transparent payment solutions.
“We cannot talk about the economy of the future without addressing how we move people out of poverty. One of the most striking promises we made during the campaign was the payment of Five Thousand Naira to the poorest Nigerians across the country.
“About 112 million (66% of Nigerians) are deemed extremely poor, measured by World Bank parameter of those living on less than US$1.25 per day,” Osinbajo stated.