On Wednesday, President Muhammadu Buhari requested approval from the Senate for a loan of $800 million to fund the National Social Safety Network Program, or NSSP.
During the Wednesday plenary session, Ahmed Lawan read a letter to the Senate that contained Buhari’s request.
The President claims that the money will be distributed to 10.2 million low-income and poor households for a six-month period, with a projected multiplier effect of 60 million people.
Therefore, in order to ensure proper implementation, the President asked the lawmakers to take action quickly.
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The conditional cash transfer window of the program provides N5,000 per month to each of the 10.2 million recipients.
