FG gets $800m World Bank grant for subsidy palliatives

A $800 million World Bank grant has been announced by the federal government as part of its subsidised palliatives program.

This information was revealed by the Minister of Finance, Budget, and National Planning, Zainab Ahmed, at the weekly meeting of the Federal Executive Council, which was presided over by President Muhammadu Buhari.

The minister stated that the palliatives would be given to 10 million homes, or 50 million vulnerable Nigerians.

Ahmed underscored that engagements are ongoing with the newly established Presidential Transition Council (PTC) and the incoming administration, to drive the palliative program, which includes the need for buses among various considerations.

Meanwhile the Federal Government has approved the sum of 10.9 billion naira for the supply and installation of information and communication technology components for the 2023 National population census scheduled to hold in May.

This was part of the approvals by FEC today chaired by President Muhammadu Buhari.