Headline

99.9% Households Yet To Receive FG’s Cash Transfer – W’Bank

Published

2 years ago

December 17, 2023

The World Bank has reported that approximately 99.9% of targeted poor and vulnerable households are yet to receive the Federal Government’s recently announced N25,000 per month cash handout.

According to The Times, data from the World Bank’s Lead Economist for Nigeria, Alex Sienaert, was presented last week in Abuja during the Nigeria Development Update, December 2023 edition.

The Federal Government intends to provide cash transfers to low-income households, paying N25,000 per month for three months, according to his presentation material.

President Bola Tinubu introduced the Conditional Cash Transfer Program on October 17, 2023, with funding support of $800 million from the World Bank.

This program intends to assist 15 million Nigerian households that make less than N75,000 per month and are considered poor, near-poor, or vulnerable.

However, Sienaert revealed that the program is anticipated to reach 5 million households by the end of December, with 1.5 million households having received money thus far.

“Merely 0.1% of the anticipated families have received payment, as only 1.5 million of the targeted 15 million households have been paid for.”

This indicates that even with the extreme poverty in the country, 99.9% of the targets have not received their monthly N25,000 cash transfers.

Nigeria’s poor and vulnerable have been disproportionately affected by the removal of fuel subsidies and other recent policies, despite the fact that they would substantially gain from a monthly cash transfer system that the Federal Government intends to fund with the World Bank loan.

Less than 1% of the poor and vulnerable individuals may not be eligible for the Federal Government’s cash distribution program, according to information previously released by the World Bank,.

Twenty percent of people possessing a valid national ID number from the National Identity Management Commission (NIMC) were supposed to be registered in the National Social Registry by June 30, 2022.

But as of December 31, 2022, just 0.10 percent of Nigerians listed as completely impoverished and vulnerable possessed a NIN.

This indicates that roughly only 9,670 of the 9.67 million (9,666,420) project beneficiaries are NIN holders.

In his presentation, the World Bank Lead Economist for Nigeria emphasized the part that NIN plays in the cash distribution program.

“To increase the use and coverage of the national identity number, beneficiaries will be encouraged to enrol for the NIN during the verification process.”

Therefore, it should come as no surprise that the Central Bank of Nigeria recently declared that, as of April 2024, all bank accounts that do not have a BVN and NIN will be set to “Post no Debit.”

Additionally, the apex bank declared that every BVN or NIN linked to and/or connected to accounts or wallets must be electronically revalidated by January 31, 2024.

The CBN claimed that this action is an effort to support national financial stability.

Headline

Russia, China Afraid Of US Under My Administration — Trump

Published

20 hours ago

January 8, 2026

Editor

United States President, Donald Trump, has said Russia and China fear the United States because of the strength of his administration, arguing that American global influence is driven primarily by its military power and leadership.

Trump, in a post on Truth Social on Wednesday stated that rival powers would not take NATO seriously without the United States, claiming the alliance lacks deterrent force in the absence of American involvement.

He expressed doubts about whether NATO members would come to the aid of the US in a real crisis, despite Washington’s continued commitment to the alliance.

The president credited his leadership with rebuilding the US military during his first term and sustaining its strength, describing this as the key reason adversaries show respect and caution toward the country.

He maintained that America’s military dominance has played a central role in preserving global stability and saving lives.

Trump also argued that his administration forced NATO members to increase defence spending, saying many allies had previously failed to meet financial commitments while relying heavily on the US.

He added that his actions helped prevent further escalation in Eastern Europe and contributed to the resolution of multiple conflicts.

According to Trump, the United States remains the only nation that commands genuine fear and respect from both Russia and China, a position he attributed to his administration’s approach to defence, diplomacy, and global leadership.

“He wrote partly, “The only Nation that China and Russia fear and respect is the DJT REBUILT U.S.A. MAKE AMERICA GREAT AGAIN!!! President DJT.”

Headline

Trump To Withdraw US From 66 UN, International Organisations

Published

20 hours ago

January 8, 2026

Editor

United States President, Donald Trump, has announced plans to withdraw the US from 66 United Nations and international organisations, including key global bodies focused on climate change, peace and democracy.

The decision was disclosed in a presidential memorandum released by the White House on Wednesday evening, following a review of which “organizations, conventions, and treaties are contrary to the interests of the United States.”

According to Trump, the move will see the US end its participation in the affected organisations and cut all related funding.

A list shared by the White House showed that 35 of the organisations are non-UN bodies, including the Intergovernmental Panel on Climate Change (IPCC), the International Institute for Democracy and Electoral Assistance, and the International Union for Conservation of Nature.

Although listed as a non-UN body by the White House, the IPCC is a United Nations organisation that brings together leading scientists to assess climate change evidence and provide periodic reports to guide political leaders.

The memorandum also announced the US withdrawal from 31 UN entities, including the UN Framework Convention on Climate Change (UNFCCC), the UN Democracy Fund, and the UN Population Fund (UNFPA), which focuses on maternal and child health.

Several of the targeted UN bodies are involved in protecting vulnerable groups during armed conflicts, including the UN Office of the Special Representative of the Secretary-General for Children and Armed Conflict.

Reacting to the announcement, UN spokesperson Stephane Dujarric said in a note to correspondents on Wednesday evening that the organisation expected to issue a response by Thursday morning.

Despite repeatedly stating his desire to limit US involvement in UN forums, Trump has continued to exert influence on international decision-making.

In October last year, he threatened to impose sanctions on diplomats who formally adopted a levy on polluting shipping fuels that had already been agreed to at an earlier meeting, a move that stalled the deal for 12 months.

The Trump administration also sanctioned UN special rapporteur Francesca Albanese after she released a report detailing the role of international and US companies in Israel’s genocidal war on Gaza.

During his first term in 2017, Trump similarly threatened to cut aid to countries that supported a draft UN resolution condemning the US decision to recognise Jerusalem as Israel’s capital.

As a permanent member of the UN Security Council, the US wields significant influence at the United Nations, including veto power, which it has repeatedly used to block efforts to end Israel’s war on Gaza before later mediating a ceasefire.

(Aljazeera)

Headline

UK Supported US Mission To Seize Russian-flagged Oil Tanker – Defense Ministry

Published

1 day ago

January 7, 2026

Editor

The British Ministry of Defence said on Wednesday that it provided support to the United States in its operation to seize a Russian-flagged oil tanker in the North Atlantic.

US seized the tanker, which was being shadowed by a Russian submarine on Wednesday, after pursuing it for more than two weeks across the Atlantic as part of Washington’s efforts to block Venezuelan oil exports.

According to Britain, its armed forces gave pre-planned operational support, including basing following a US request for assistance.

The UK also said a military vessel provided support for the US forces pursuing the tanker, and the Royal Air Force provided surveillance support from the air.

Defence Secretary John Healey stated that the operation targeted a vessel with a nefarious history linked to Russian and Iranian sanctions evasion networks.

“This action formed part of global efforts to crack down on sanctions busting,” he said in a statement.

According to him, the US was Britain’s closest defence and security partner.

“The depth of our defence relationship with the US is an essential part of our security, and today’s seamlessly executed operation shows just how well this works in practice,” he added.

The British government said that the Bella-1 tanker, now renamed Marinera, is sanctioned by the US under its counter-Iran sanctions,

The MoD statement said the support was provided in full compliance with international law.