Nigeria has secured $800 million dollars grants from the World Bank to scale up its national social program before the removal of petrol subsidies for June this year.
the government says they will share the palliatives through electronic transfers to about 50 million Nigerians or 10 million households.
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The government says the main beneficiaries of these grants will be the most vulnerable category of society.
The aim of the program is to reduce the impact of fuel subsidy removal.
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The World Bank is worried that Nigeria’s economic growth rate of 2.8 percent is not enough to reduce over 40 percent of the population that is living in extreme poverty.