Vice President Yemi Osinbajo has revealed that the federal government will pay poor and unemployed Nigerians about $25 (N5,000) every month.
The monthly pay for the poor and unemployed Nigerians had generated a lot of issues among Nigerians who thought the presidency had been dishonest with the promise to the Nigerian populace.
But, in a statement issued by Professor Osinbanjo on Thursday, April 8, the Nigerian government plans to make cash payments to poor people as a way of easing poverty and to stimulate the economy.
Meanwhile, Vice President Yemi Osinbajo has also stated that the shortage in gas supply and the drop in power generation are the reasons behind electricity tariff increase.
He said this while speaking yesterday, April 7, at the maiden edition of the national forum on the economy,
He said the power generation companies’ inability to supply power to consumers was as a result of short supply in gas and the drop in power occasioned by lost in line of transmission.
He said: “There is no way the GENCOs can supply enough power to consumers without generating enough fund to drive the necessary processes that will bring about adequate power generation and supply.”