The Nigerian government is set to introduce a social safety net that would allow millions of poor citizens enjoy cash backups to meet their basic socio-economic needs, the Minister of Finance, Ngozi Okonjo-Iweala, announced Tuesday.
The minister, who disclosed this in Abuja during her appearance on the Ministerial Platform to brief the media on the programmes of her ministry, said arrangements towards the take-off of the scheme were being finalized.
Unlike several other countries, Nigeria presently runs no social security package for either the poor, unemployed, aged or women. Only a few states, such as Ekiti and Ogun, provide monthly support to the aged.
The outgone Fayemi government paid N5,000 monthly to the elderly.
In South Africa, for instance, social services for the citizens forms a significant part of the country’s annual budget.
Bills pushing for government support to unemployed and aged Nigerians have remained stuck in the National Assembly for years.
Details of the new plans announced by the finance minister are not clear yet.
Credit: Premium Times