FG To Pay Unemployed Graduates & Poor Nigerians N5,000 Monthly

The federal government is on the verge of fulfilling

one of its campaign promises as the president

Muhammadu Buhari-led administration is set to pay

the poorest citizens across the country.

Making this disclosure during the 10th year anniversary

lecture of Crescent University, Abeokuta was Nigeria’s

vice president, professor Yemi Osinbajo, who hinted that

the unemployed as well as the poor Nigerians would

pocket N5,000 monthly.

According to Leadership reports, the number two citizen

of Nigeria stated 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

explained.