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FG Set To Roll Out Cash Transfers For 20m Vulnerable Nigerians
The Federal Government is set to launch a significant cash transfer program aimed at providing financial assistance to 20 million of the country’s poorest citizens, according to Wale Edun, the Minister of Finance and Coordinating Minister of the Economy.
Speaking on Nigeria’s financial outlook, Edun disclosed that the revenue for the 2024 fiscal year has seen a significant increase, allowing for a more strategic allocation of funds towards social intervention programs.
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These programs are designed to improve the quality of life for the most disadvantaged Nigerians and address pressing socio-economic challenges.
Edun emphasized that the social investment initiative will directly benefit 60 percent of the nation’s poorest population.
“Right now, 20 million people, or four million households, are receiving direct financial support from the government. This number will rise to 15 million households in the near future,” he said.
The minister attributed the boost in revenue to the government’s focus on domestic resource mobilization.
“By the first half of this year, government revenue had doubled, thanks to the robust application of technology in our processes,” Edun explained. He noted that reforms in the civil service, coupled with stricter oversight of ministries, departments, and agencies, played a critical role in improving revenue collection.
Edun further highlighted that President Bola Tinubu’s administration is committed to ensuring that the benefits of increased revenue, particularly from improved oil production, are channeled towards supporting the most vulnerable Nigerians.
“The government has applied technology to enhance compliance with regulations and ensure that surplus revenues from government agencies are appropriately directed to social investment programs.
“This is how President Tinubu’s government is ensuring that the financial gains are being utilized to make a tangible impact on the lives of Nigerians,” Edun added
Super Eagles Captain, Ahmed Musa has been signed up by Jaiz Bank as a brand ambassador.
An elated Musa made the disclosure in a statement on his verified handle on micro-blogging site, X on Thursday.
The Kano Pillars striker urged his fans to troop to Jaiz Bank to do business for trusting him with the new role.
He exclaimed, “And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! ”
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He wrote, “✨Alhamdulillah✨ I am SO excited to announce that I’ve officially joined Jaiz Bank as their newest ambassador! 🎉💼
“A huge thank you to @JaizBankNG for trusting me and allowing me to be a part of this amazing journey! 🙏🏼💚 It’s an honor to represent a brand that believes in growth, security, and financial empowerment.
“I can’t wait to share all the incredible things we’ll be doing together! 🚀💡
And to my amazing fans – if you want to support me, make sure to head over to Jaiz Bank and open your accounts with them today! Let’s grow together! 💪🏼🔑
“@JaizBankNG is a non interest Financial institution poised with a mission to make life better through ethical Finance. 👌👌”
#NewBeginnings #BankWithJaizBank #PartneredUp #TeamJaizBank”
On November 20, 2024, Kenya’s First Lady, Rachel Ruto, celebrated her 56th birthday and her husband President William Ruto publicly expressed his love and appreciation for his wife on this special day, wishing her well.
The birthday celebrations were marked by an outpouring of goodwill from political figures, media, and citizens across Kenya, who praised her for her grace, leadership, and significant contributions to society, particularly through initiatives like the Joyful Women Organisation, which aims to empower rural women.
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The day was characterized by a collective acknowledgment of her role as a national figure dedicated to community upliftment.
In a heartfelt message, President William Ruto took to social media, writing, “Happy birthday my love, @MamaRachelRuto. Continue being a blessing to me and our children. Mungu akubariki sana,” which translates to “God bless you abundantly.”
Other prominent leaders also extended their wishes to the First Lady, with Anne Waiguru, EGH, OGW, Governor of Kirinyaga County, tweeting, “Happy Birthday First Lady,” further showing the respect and admiration for Rachel Ruto’s leadership and impact.
A gas cylinder explosion at a filling station in Jibia Local Government Area of Katsina State has resulted in significant damage to six vehicles, according to a statement from the Katsina State Police Command.
The command’s spokesperson, Abubakar Sadiq-Aliyu, confirmed the incident, which occurred on Friday, November 15, 2024.
He explained that a loud explosion alerted police operatives from the Jibia Divisional Police Headquarters. Responding promptly, the Divisional Police Officer led a team to the site, supported by military personnel.
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“Upon arrival, operatives found a truck loaded with gas cylinders engulfed in flames at Tamal filling station, along Kagadama-Magamar Jibia Road,” Sadiq-Aliyu stated. The joint team acted swiftly, deploying measures to protect lives and limit property damage. Their efforts successfully extinguished the fire.
The spokesperson added, “Six motor vehicles were significantly affected by the fire incident, but fortunately, no life was lost.”
State Commissioner of Police, Aliyu Abubakar-Musa, has directed a thorough investigation to determine the cause of the explosion. Updates on the findings will be provided as investigations progress.
This incident highlights the need for heightened safety measures at gas filling stations to prevent such occurrences.
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