The Federal Government has announced the expansion of its direct cash transfer initiative to support more poor and vulnerable Nigerians affected by ongoing economic reforms. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, reveal…  | By Abimbola Akomolafe on October 29, 2025 | The Federal Government has announced the expansion of its direct cash transfer initiative to support more poor and vulnerable Nigerians affected by ongoing economic reforms. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed at the Oxford Global Think Tank Leadership Conference in Abuja that 15 million households currently benefit from the ₦75,000 digital payment scheme. Edun explained that the initiative is designed to provide transparent and data-driven financial relief, with each beneficiary identified through a national ID and paid directly via mobile wallets or bank accounts. He said the expansion aims to cushion the impact of reforms while improving inclusion for low-income households. Read also, He also unveiled a new ward-based development programme to channel resources directly to Nigeria's 8,809 wards, empowering small businesses and cottage industries at the grassroots level. The initiative is expected to enhance access to financing and boost productivity among MSMEs. Former SEC Director-General, Arunma Oteh, called for stronger investment in human capital and infrastructure, noting that sustainable development depends on long-term economic reforms that prepare young Nigerians for leadership and enterprise. | | | |
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