osibanjo

The Buhari Administration at the weekend declared that there are ongoing plans to implement one of its striking campaign promises that it will pay N5000 each to the poorest Nigerians across the country.

Osinbajo disclosed this at the 10th Year Anniversary Lecture of Crescent University, Abeokuta, Ogun State. Vice president gave the hint and noted that government is currently evaluating the best ways to distribute the money to ensure consistency and alignment.

On the pervasive poverty ravaging the country, Osinbajo said the payment of N5000 each to poor Nigerians was necessary because “we cannot talk about the economy of the future without addressing how we move people out of poverty.

In his words he said about 112 million (66% of Nigerians) are deemed extremely poor, measured by World Bank parameter of those living on less than US$1.25 per day. He concluded that the Buhari administration would work to make sure that the promise is fulfilled.