Nigerians start receiving 25k alert as FG provides new update

According to the Federal Government, 25 million Nigerians have already benefited from the conditional cash transfer of N25,000
According to the Minister of Finance and the coordinating Minister of Economic Affairs, five million households have benefited from the direct transfer
He added that half a million Nigerian students have now received over N90 billion in student loan repayments

Legit.ng journalist Zainab Iwayemi has 5 years of experience in economics, technology and Capital market.

The Federal Government on Thursday said 25 million Nigerians have so far received the conditional cash transfer of N25,000.

Nigerians start receiving 25k warning — Five million households have benefited from the direct transfer. Photo credit: FG Warning
Source: Getty Images

The Minister of Finance and Coordinating Minister of Economy, Wale Edun, disclosed this during a briefing to State House correspondents shortly after the meeting of the National Economic Council chaired by Vice President. Kashim Shettima.

He listed the steps taken by President Bola Tinubu’s government to provide relief to Nigerians following the suffering caused by the abolishing subsidies and other policy reforms implemented by the government.

FG, BOI open application portal

Legit.ng reported that the Bank of Industry (BoI) has a application portal for Nigerians to access the Federal Government’s Micro, Small and Medium Enterprises (MSMEs) Intervention Fund.

BoI representative Amina Habu Mohammed announced the commencement of the application process during a press conference on a Memorandum of Understanding (MoU) signed between the Nigerian Association of Small Scale Industrialists (NASSI) and the Bank of Industry.