Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    CBN to Open N1trn Worth of Treasury Bills for Subscription

    June 15, 2026

    CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs

    June 15, 2026

    Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows

    June 15, 2026
    Facebook X (Twitter) Instagram
    Trending
    • CBN to Open N1trn Worth of Treasury Bills for Subscription
    • CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs
    • Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows
    • South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment
    • Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut
    • Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order
    • Fitch Affirms China at ‘A’ With Stable Outlook
    • Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz
    • Home
    • About Us
    Facebook X (Twitter) Instagram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 15
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Reps Invite Minister over N1.1trn Conditional Transfer

    Reps Invite Minister over N1.1trn Conditional Transfer

    Marketforces AfricaBy Marketforces AfricaOctober 31, 2023 News No Comments2 Mins Read
    House of Reps
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Reps Invite Minister over N1.1trn Conditional Transfer

    The House of Representatives has invited the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu over the formula for the planned distribution of N1.1 trillion as conditional cash transfer to 15 million households.

    This followed the adoption of a motion of urgent public importance by Rep. Abdulmaruf Adebayo (PDP-Osun) during plenary in Abuja on Tuesday.

    Presenting the motion, Adebayo said that the conditional cash transfer was an intervention by the Federal Government to cushion the effect of the removal of petrol subsidy on vulnerable Nigerians.

    He said that the cash transfer was one of the 15 items in the Memorandum of Understanding signed between the governments and organised labour on Oct. 2.

    He added that there had been negative feedback from Nigerians over the ways and manners palliatives were distributed to vulnerable Nigerians by government agencies in the past.

    He said items from international donors meant to cushion the effect of the COVID-19 pandemic were mismanaged.

    He said the World Bank country representative; Mr Shubham Chaudhuri confirmed that cash transfers were widely applicable to reduce poverty.

    He said the removal of fuel subsidies necessitated the introduction of various programmes, policies and interventions to alleviate and boost the economics of families and small businesses.

    He said lawmakers at the National Assembly being closer to the people were meant to represent the interests and concerns of their constituents at the National level.

    Adopting the motion, the House mandated the committee on constituency outreach and the committee on poverty alleviation to invite the minister to the house. U.S. to Evict Gabon, Niger, And Others From The AGOA Programme

    Nigeria
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    CBN to Open N1trn Worth of Treasury Bills for Subscription

    CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs

    Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    Anthropic Restricts Access to Fable, Mythos 5 AI Models after US Order

    Add A Comment

    Comments are closed.

    Editors Picks

    CBN to Open N1trn Worth of Treasury Bills for Subscription

    June 15, 2026

    CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs

    June 15, 2026

    Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows

    June 15, 2026

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    June 15, 2026

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    June 15, 2026
    Latest Posts

    CBN to Open N1trn Worth of Treasury Bills for Subscription

    June 15, 2026

    CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs

    June 15, 2026

    Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows

    June 15, 2026

    South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment

    June 15, 2026

    Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut

    June 15, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.