Ten months into the cash transfer scheme, only one in three of the 15 million households targeted have received the transfers, even as Nigerians, particularly the vulnerable, continue to grapple with weak spending power.
“The government’s cash transfer program has reached 36 percent of the 15 million households targeted since October 2023,” PwC said in its latest mid-year outlook.
The Nigerian government deemed it necessary to provide cash transfers to its most vulnerable citizens after President Bola Tinubu embarked on some strings of reforms that triggered the worst cost-of-living crisis in a generation.