COVID_19: Nigerians with over N5,000 bank balance will not get palliatives

The federal government says Nigerians with more than N5,000 in their bank accounts will not benefit from the palliatives being planned to cushion the effects of the COVID-19 lockdown extension.

The minister of humanitarian affairs and disaster management, Sadiya Farouq, made this known to newsmen in Abuja on Wednesday, April 15, The Nation reports.

Explaining the modalities for the disbursement of the package, the minister said the focus will be on the urban poor in the implementation of President Muhammadu Buhari’s directive.

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COVID-19: Palliatives not for Nigerians with over N5,000 bank balance - FG

Palliatives not for Nigerians with over N5,000 bank balance, the minister of humanitarian affairs Sadiya Farouq has explained

Ms Farouq said in line with President Muhammadu Buhari’s directive to expand the beneficiaries, the ministry is now focusing on the urban poor.

The minister said the beneficiaries are the Nigerians who earn daily wages and the people with disabilities.

Ms Farouq said the ministry is exploring three options to pick the beneficiaries: These include the national social register, the verified BVN accounts and mobile networks.

She added that the people that have an account balance of N5, 000 and below will be the beneficiaries.

On the use of the mobile network, the minister said the beneficiaries may be people that top up the credit units for their phones with N100 or less.

Meanwhile, as the coronavirus lockdown bites harder on Nigerians, the national leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has advised President Buhari on how to sustain the economy and save citizens from hunger.

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Tinubu advocated an economic relief package in the form of emergency sustenance payments to vulnerable Nigerians.

The APC leader also urged the Central Bank of Nigeria (CBN) to lower interest rates to single digits in order to assist the private sector and help reduce the charge on deficit spending.

In another related report, Atiku Abubakar, Nigeria’s former vice-president and presidential candidate of the Peoples Democratic Party (PDP) in the 2019 presidential election, has advised African leaders on how to save the continent’s economy in the face of the coronavirus pandemic.

One of the recommendations given by the experienced politician is that Nigerian and other African leaders must be united in the face of the pandemic and seek debt relief.

Atiku also advised President Buhari and other African leaders to start preparing for how to tackle another economic recession which may happen soon due to COVID-19.

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