Index to Nigerian Newspapers

The World Bank has criticized the Federal Government’s conditional cash transfer program, revealing it has only reached thirty-seven percent of its fifteen million targeted households two years after its launching. Published in the Nigeria Development Update report released in Abuja, the bank noted that surging inflation and weak economic growth have pushed an additional forty million citizens into poverty since 2019. The eight hundred million dollar loan-backed program was originally launched by President Bola Tinubu in twenty twenty-three to cushion fuel subsidy removal but suffered major delays following a corruption scandal involving former Minister of Humanitarian Affairs Betta Edu. To resolve ongoing administrative and biometric verification bottlenecks, Vice President Kashim Shettima recently set up an inter-agency task force. The World Bank warns that the government must urgently fix its social protection frameworks and update registries to prevent millions from being left behind.