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Hardship: Nigerian govt to resume direct cash transfers to 12m citizens

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Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has revealed that the federal government will resume direct transfer of cash to 12 million indigent citizens to cushion the hardship they are currently going through.

The minister, who made the announcement in Uyo, Akwa Ibom State in southern Nigeria on Wednesday during a retreat organised by the ministry, said the direct cash transfer would be for the poorest and most vulnerable Nigerians.

Edun said, presently, about three million Nigerians were recipients of the programmes but due to the escalating cost of living, the “government anticipates that an additional 12 million households could qualify for these direct payments.”

“The presidential panel on the social investment programmes have prepared to go to Mr. President with an internal recommendation to restart the direct payments to the poorest and the most vulnerable. Everything is being done to ease the pain,” Edun said.

“We know that there’s been about three million beneficiaries now, but given the way the rates have gone, there are probably another 12 million people, households that can benefit from that payment.”

He further noted that the expansion of the direct cash transfer is projected to reach a wider population who are currently struggling with the economic situation and to put more money directly in the hands of those who need it most, allowing them to prioritise their needs and alleviate poverty.

“The decision to inform the President of the Panel’s decision before the final report is completed is to keep the President abreast of developments,” he said.

“The only thing delaying that is not waiting for the end of the report. It is something that the intervention is meant to happen immediately.

“We have experts in technology, the commitment was to make sure that we use technology to ensure that we have a seamless payment, a seamless movement between the registered and the direct beneficiaries, without any manual processes in between. So it’s taking time to automate that process immediately that direct payment will resume.

“The goal is to put food, to put feed into the mill, into the market, in an attempt to drive down the cost of food and make food available. Right now, that is the key priority in terms of the fiscal side, in terms of the government side.

“History has shown, evidence has shown that when you pay someone directly, you put money in their hand. It reduces poverty because they decide where the shoe is pinching most.

“So it is a direct benefit, it has a direct effect on poverty. It alleviates, and there’s a commitment to immediately start that process. So that is, as far as these interventions are concerned and the landscape which we as a team are facing, we have a commitment to help to bring down inflation.

“Growing the economy, creating jobs and lifting millions and millions of Nigerians out of poverty, that’s the ultimate goal of President Bola Tinubu and his economic policies.”

Metro

MCC grants Zambia $458m compact deal to boost agro-business

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The Millennium Challenge Corporation (MCC) has granted Zambia a compact of $458 million following more than $377 million in previous grant funding.

MCC Principal Deputy Vice President, Kyeh Kim made the announcement on at the MCC Headquarters in Washington, D.C., while celebrating the completed negotiations, while Charles Tembo, the First Secretary for Press and Public Relations at the Zambian Embassy in Washington, D.C., relayed the information to the African country.

In a statement, Kim highlighted that the deal was the fastest ever negotiated in MCC’s history and praised the Zambian government for its dedication to improving the lives of its people.

“This will continue to push for the prosperity of the Zambian people. The compact started about three years ago. I am hopeful that the agriculture sector will improve agro-business,” she said.

She further expressed confidence that the collaboration between MCC and Zambia would yield positive results and emphasized the importance of maintaining the same spirit and cooperation during the implementation process.

Secretary to the Zambian Treasury, Felix Nkulukusa, noted that the preparations and commitment from both MCC and Zambia demonstrated a strong desire to foster economic growth.

“We are sure that the implementation will be in the shortest time. The first compact taught us valuable lessons, and we are confident that the second compact will be implemented even more effectively,” Nkulukusa said.

Zambia’s Ambassador to the United States, Chibamba Kanyama, also expressed optimism that the renewal of AGOA would enable Zambia to increase its agricultural exports.

“The proposed compact is anticipated to target the agriculture and agro-processing sectors, which have been identified as the most promising areas to unlock inclusive economic growth,” Kanyama statec.

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#EndBadGovernance Protests: Please be patient with Tinubu’s govt, monarchs beg Nigerian youths

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Some prominent traditional rulers in Nigeria have pleaded with Nigerian youths and organizers of the planned nationwide #EndBadGovernance protests scheduled to commence on August 1 to be patient with the President Bola Tinubu administration as the president was working hard to make the country better.

The monarchs, who made the plea following a meeting with Tinubu on Thursday at the Presidential Villa in Abuja, called for calm over the planned nationwide protest meant to demonstrate against the prevailing economic hardship in Nigeria.

President Tinubu had called for the emergency meeting with state governors on the platform of the All Progressives Congress (APC),
prominent traditional rulers and Islamic religious scholars known as Ulamas, as part of efforts by the government to ensure the planned hunger protests is averted.

The protests which are being organised under the hashtag #EndBadGovernance, have gained significant traction on social media prompting the government to engage the traditional rulers urging them to talk to their subjects to shelve the protests.

After the meeting, the revered monarchs including the Sultan of Sokoto, Muhammad Sa’ad Abubakar III, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Emir of Zazzau, Ahmed Bamalli, and Dein of Agbor Kingdom, Ikenchukwu Keagborokuzi I, pleaded with Nigerians to give the government time to make things work in the country.

“The President has said, ‘any leader that you don’t like, wait (until 2027) and vote him out.’ He is open to dialogue. We know that Nigeria faces many challenges. But are we going to destroy our nation by ourselves? Is that what we are all after?” Oba Ogunwusi who co-chairs the National Council of Traditional Rulers of Nigeria, said.

“It is very difficult to build, but it is the easiest to destroy. We are all stakeholders in this country and are stronger as a nation than individually.

“We should talk to ourselves. We need to know that today, it’s a completely different spin. The government, ably led by the President, is willing to engage and dialogue and bring governance very close to the people.

“People that are out there to protest, it is their civic right. But let them put a face to it and don’t let it be hijacked by people that have ulterior motives. That is our stand.

“We the traditional rulers are not in support of people, especially youths, coming out to loot and break down law and order. We condemn such acts fully. We are parents, we are traditional rulers, and we are closer to them (youths). We are going to go back home and continue to engage them.”

On his part, the Emir of Zazzau said traditional rulers were worried about the protests, adding that they could shut down the country.

“There’s nobody who will not be worried about the protests; we’ve seen what has happened in other climes, where governments had been brought down.

“As an ex-diplomat, I have seen what happened in other climes and that is why I am in the position to say what happened in other places.”

“We have made it very clear to President Tinubu that the main problem in this country, especially the north, is insecurity. If the security situation is addressed, certainly people will go back to their farms and the issue of hunger will drastically reduce and disappear,” Bamalli added, urging Nigerians to exercise patience and to listen to the words of wisdom.

“We are very optimistic Nigeria will bounce back to its former position as the leading country in Africa.”

The Dein of Agbor Kingdom also appealed to Nigerian youths to work with the FG using all available opportunities.

“Hearing from Mr. President directly, the take-home message for me is that I can see the passion. But at the same time, I think the government finally understands we are at the precipice.

“We will listen to our youths because they lead the future. The power and strength of Nigeria certainly lie with the young people. We feel your pain. I’m a young person myself.

“It’s been 24 years since I’ve started seeing the nation going in a very unpalatable direction. This protest, I know that it’s very tight in our neck, but let us not destroy our own country,” said the traditional ruler.

“Think of Libya. Libya was a beautiful country; what has happened to Libya, we don’t want it to happen here.

“Let’s go home. Let’s continue to strive to be the best that we can and continue to work with the government to see if we can offer some solutions.

“I think that that would be best rather than to destroy property or injure ourselves,” he advised.

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