NewStats: 3,262,275 , 8,176,700 topics. Date: Sunday, 01 June 2025 at 05:17 PM 6x3q25

The revelation by the World Bank that the Federal Government’s conditional cash transfer programme did not reach millions of Nigerians in need of urgent economic relief further confirmed public sentiment on the desirability of the programme.

In response to the deepening hardship being faced by Nigerians after the abrupt removal of the petrol subsidy and unification of the foreign exchange market in 2023, President Bola Tinubu ignored critics and launched the Conditional Cash Transfer programme, a controversial programme pioneered by Muhammadu Buhari, his predecessor. It was purportedly targeted at 15 million vulnerable households, with each meant to receive N75,000 within three months.


However, the World Bank, which had approved the $800 million for the programme, recently revealed that it reached only 5.6 million households and that only about 37 per cent received at least one tranche of direct transfers.

Since former President Buhari’s tenure, we, along with other well-meaning citizens, have always argued against this so-called conditional cash transfer schemes adopted by the ruling All Progressives Congress, APC, governments. The “social ” is largely fictional.

Countries like Brazil, Colombia, Mexico, South Africa and others, have developed sound social s and use them to channel routine cash transfers to vulnerable citizens to promote financial inclusion. On its own merit, it is a commendable strategy to give the lowliest of society access to government-istered palliation.


Buhari set up the National Social Investment Policy Agency, NSIPA, and created the Humanitarian Affairs Ministry. Between 2016 and 2020, he had sunk a whopping sum of N619b (according to FG’s own ission, though the National Assembly put the figure at about N2 trillion).

The scheme was bedevilled by reports of large-scale stealing. In January 2024, former Humanitarian Minister, Sadiya Umar Farouk and former NSIPA boss, Halima Shehu, were quizzed by the anti-corruption agencies over the whereabouts of N37.1bn.

It was based on these nasty experiences that we once again cautioned the Tinubu istration against sinking the $800m IMF loan into the basket of the conditional transfer scheme. These cash transfers have come to be seen as a means by which the APC istration funnels public monies to party stalwarts.

It is a sour irony that IMF knew about the corrupt cash transfer system in Nigeria and still went on to offer the facility. Yet, it came back to complain about poor implementation as if it really cared.


The $800 million would have gone a long way to cushion the effects of Tinubu’s economic policies if it were invested as a rescue package for small and medium businesses, manufacturers and farmers. It is always better to teach the people how to fish rather than give them fish. This is our argument against these cash transfers which only fuel corruption and government dependency.


The cash transfers must stop.

https://www.vanguardngr.com/2025/05/cash-transfers-800m-down-the-drain/

Toh

APC = All Promises Cancelled.

Many don't know this APC song.

https://www.youtube.com/watch?v=7nCNAjAUk00&pp=ygUWQXBlIG11c2ljIGNoYW5nZSBibHVlcw%3D%3D

They are intentional about it, nobody in Nigeria have benefited from this scheme, it is money marked out to settle party men and women.

Nigeria..........The world's Poverty HEADQUARTERS

Bobloco:


https://www.vanguardngr.com/2025/05/cash-transfers-800m-down-the-drain/

Awon criminals in government

Lol.....

They will never complain that the government is borrowing way too much if the transfer successfully gets to their . But will complain if the FG borrows for infrastructural development..

How do you intend to satisfy these people? I mean the H&G Nigerians according to their activists😊😊

Tinubu is packing money for his re-election campaign. It’s over.

Lol
My deep concern is, people still believe Nigerian leaders mean well for the country.

With a president entangled in so much scandals?

One day we will all wake up from our illusion. SMH

Okay

Looters.

Snatch it grab it and run away with it only to loot all.

...

If you can imagine what you look like whenever you use the word "TOH"...then you'll forever remain silent

helinues:
Toh

Party stalwart pocket money 💰🤑📌

Problem dey oo..hmm

The IMF and world bank should not give us anything again. Their attempt to tackle poverty are been hijacked by the government to weaponize it.
World bank give Tinubu $800m to distribute to people to cushion the effect of pain and hunger caused by bad policies but he instead seized 63% of it distribute it to party stalwarts and open mouth that we are making progress.


It’s obvious all the harsh policies of the government are meant to empower party stalwarts at the detriment of the people he is meant to led.
They cautioned Tinubu about the inefficiency of the controversial criminally corrupted social created by Buhari and yet he still went ahead to channel $800m world banks funds for the vulnerable into it. That shows he wanted his party and government to embezzle 63 percent of the funds.
That is intentional corruption.

helinues:
Toh

Biting economy is hitting helinues hard

800 million dollars could have been seed money to set up value chain enterprises around the core bricks and mortar,, mass employment sectors of the economy such as agriculture, mining, construction and engineering.

But I guess the promoters of this charade and the beneficiaries have succeeded in their respective objectives.

Fake cash transfer. 800 million dollars gone down the drain. I know some of their goons will still come to defend this even on empty stomach. Nigeria will get better when the masses are ready. But for now let's enjoy the ride and act like a fool. Tinubu is working.

It is a sour irony that IMF knew about the corrupt cash transfer system in Nigeria and still went on to offer the facility. Yet, it came back to complain about poor implementation as if it really cared.

..when we said that Thief'nubu is a CIAasset meant to destroy the geographical expression & hand her resources as freebies..to those who looked away & provided a coverup..as he snatched & grabbed Nigeria's mandate as a well known Narcotics dealer..

It's certainly unreasonable to give Nigeria government, loans for such scheme..all this countries and International bodies like IMF and World Bank are not sincere to help Africans....knowing how corrupt African governments and Nigeria in particular is, the best way to help Africans is to make sure that the loans given is tied to verifiable projects and reputable monitoring team from both sides established, to check the implementation of the projects.. to particularly check how the loans are used ,if not this loans will end up in private pockets and the country will have to cough it out....our politicians are no longer contented with stealing oil and internal generated funds, they've included foreign loans to funds to be looted

Here we go again, another wasteful experiments

Food for the agbadorians...

30k stipent on the bank.

It has always been a scam from onset.

Reference:
800 million dollars could have been seed money to set up value chain enterprises around the core bricks and mortar,, mass employment sectors of the economy such as agriculture, mining, construction and engineering.

But I guess the promoters of this charade and the beneficiaries have succeeded in their respective objectives.

Aptly said.

Very obvious...

Majority of those that even got were the cronies of apc and other political office holders.

Those are the ones that come online to deceive themselves because of crumbs and corruption.

Stop this shit program, but zombies hailed on as Tinubu continued this disastrous policy. Now the corruption continues. Government of criminality.