President Muhammadu Buhari has directed the payment of cash to “the most vulnerable” Nigerians in the next two months as the country battles the Coronavirus (COVID-19) pandemic.
The move, according to Buhari, was to ameliorate the sufferings of the vulnerable citizens amid the sit-at-home order and other restrictive measures put in place by the federal and state governments across the country.
The president revealed this in his nationwide broadcast on coronavirus which was aired on the Nigerian Television Authority (NTA).
Buhari said, “I have directed that the conditional cash transfers for the next two months be paid immediately. Our Internally displaced persons will also receive two months of food rations in the coming weeks.
“We also call on all Nigerians to take personal responsibility to support those who are vulnerable within their communities, helping them with whatever they may need.”
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The president also said he had directed that a three month repayment moratorium for all TraderMoni, MarketMoni and FarmerMoni loans be implemented with immediate effect.
He added, “I have also directed that a similar moratorium be given to all Federal Government funded loans issued by the Bank of Industry, Bank of Agriculture and the Nigeria Export Import Bank.
“For on-lending facilities using capital from international and multilateral development partners, I have directed our development financial institutions to engage these development partners and negotiate concessions to ease the pains of the borrowers,” he said.
Thank you our lovely president
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