By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Cash transfer: Many Nigerians Have Not Seen N5,000 Before – Finance Minister
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Cash transfer: Many Nigerians Have Not Seen N5,000 Before – Finance Minister

News

Cash transfer: Many Nigerians Have Not Seen N5,000 Before – Finance Minister

Tare Magbei
Tare Magbei
Published: June 15, 2025
Last updated: June 15, 2025
2 Min Read
Share
Cash transfer: Many Nigerians Have Not Seen N5,000 Before
SHARE

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouk, has disclosed that many nugerians have never seen N5000 their whole life.

Farouk, also dismissed comments that the regime’s N5,000 monthly national conditional cash transfer to some poor and vulnerable people is insufficient to lift Nigerians out of poverty as “elitist assertion”.

The minister stated on Thursday during the weekly ministerial media briefing organised by the Presidential Communications Team at the Presidential Villa, Abuja.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

Farouk said the government discovered through direct contact with some of the beneficiaries that the said sum money helped the poor and vulnerable of the society to escape from their dire situation.

She also said some beneficiaries have also been able to save from the amount.

She stated, “If you look at the people that you are taking this intervention to, N5,000 means a lot to them, because these are poor and vulnerable households, and it changes their status; but for you and me, N5,000 is not even enough for us to buy recharge card; that’s the difference.

“But for these poor people in the communities, they were able to save out of that N5,000; if it’s not making any impact, if it’s not changing their economic status, I don’t think anybody will force them to contribute that N1,000 to provide that vehicle for their use. So, N5,000 goes a long way.

“When people say N5,000 does not save people, that is an elitist statement, because we’ve had causes to go to the field and we have seen these people that when you give them this N5,000, they cried and shed tears, because they’ve never seen N5,000 in their lives. So, it goes a long way, it changes their status, and by that, it lifts them from one stage to another.”

2023: ‘Tinubu Should Go And Rest, I’ll Vote For Osinbajo’ – Edwin Clark

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

Rema’s “Baby (Is It A Crime)” Becomes Most Streamed Nigerian Song on Spotify in First Half of 2025 | Daily Report Nigeria
Rema’s “Baby (Is It A Crime)” Becomes Most Streamed Nigerian Song on Spotify in First Half of 2025
Entertainment
Liverpool Mourn Legend Joey Jones Weeks After Jota's Tragedy | Daily Report Nigeria
Liverpool Mourn Legend Joey Jones Weeks After Jota’s Tragedy
Sports
VeryDarkMan Reveals Glimpse of His NGO’s New Office Space | Daily Report Nigeria
VeryDarkMan Reveals Glimpse of His NGO’s New Office Space
Entertainment
Malcolm-Jamal Warner, Star of The Cosby Show, Dies at 54 in Tragic Drowning Accident | Daily Report Nigeria
Malcolm-Jamal Warner, Star of The Cosby Show, Dies at 54 in Tragic Drowning Accident
Entertainment
Manchester United Unveil Bryan Mbeumo as New No. 19 | Daily Report Nigeria
Manchester United Unveil Bryan Mbeumo as New No. 19
Sports

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

Over 1m Nigerians Completed Voter Registration in 12 weeks - INEC | Daily Report Nigeria
News

Over 1m Nigerians Completed Voter Registration in 12 weeks – INEC

June 14, 2025
Why Senator Goje Was Attacked - Gombe Governor | Daily Report Nigeria
News

Why Senator Goje Was Attacked – Gombe Governor

June 13, 2025
Kagara Attack: We Must Stop Rewarding Criminality – Atiku | Daily Report Nigeria
News

Kagara Attack: We Must Stop Rewarding Criminality – Atiku

June 15, 2025
IPOB is A Peaceful Movement - Nnamdi Kanu's Lawyer | Daily Report Nigeria
News

IPOB is A Peaceful Movement – Nnamdi Kanu’s Lawyer

June 14, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?