Nigeria’s Minister of Finance, Wale Edun, announced yesterday that the federal government will transfer cash to 20 million poor Nigerians to alleviate the country’s suffering ¹ ². This initiative aims to reduce inflation, create jobs, and stimulate growth in key sectors such as agriculture, manufacturing, oil, and housing.
Edun emphasized the importance of agriculture in reducing inflation and improving food availability, while also highlighting the oil sector as Nigeria’s primary source of foreign exchange ¹. This cash transfer initiative is part of the government’s economic reform agenda to address poverty and improve living standards in Nigeria ².
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