The programme is a part of the scheme under the ‘Social Investment Programmes’ of the government of Muhammadu Buhari.
According to this initiative, one million extremely poor Nigerians would receive 5,000 naira monthly in 2016.
Osinbajo’s aide said World Bank and the Bill Gates Foundation were also cooperating with the federal government to develop an efficient payment system.
“All together, about 60 billion naira has been estimated to be paid out to extremely poor Nigerians, ” Akande said in a statement.
In a related development, Governor Fayose of Ekiti state has recently announced the beginning of the implementation of its social welfare scheme for the needy, aged and unemployed.
During the presidential campaign Buhari and his party, the All Progressives Congress, vowed to pay 5,000 naira a month to the unemployed and the poorest youths in the country.
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