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The new $400m loan will bring to $1.2bn the amount that the Federal Government is borrowing from the World Bank for its cash transfer programmethe harsh impact of removing fuel subsidies and floating the Naira, having earlier secured a loan of $800m for the same purpose.transform the lives of millions of Nigerians living in extreme poverty, upgrade their standards of living and improve the economy
A cynic might justifiably ask: Did the Buhari government not tell us the same thing, in even more elegant language? For instance then Vice President Professor Yemi Osinbajo washree years ago, as declaring in the following words, with respect to the Buhari government’s version of the scheme Despite the scheme, figures from the Nigerian Bureau of Statistics showed that the number of people living in multidimensional poverty had ballooned to 133 million byIn essence, even if there is any proven impact assessment of the previous programmes which suggests the need for its continuation, the fact that more Nigerians have fallen into thedoes not just promise to lift people out of poverty but also that it would give the beneficiaries “the financial support to start micro and small...
young people from each of the 36 states of the federation and the Federal Capital, with each getting about N2m to help them take offcertainlyFor instance, the World Bank is
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