The Federal Government has secured 800 million dollars from

the International Bank for Reconstruction and Development

(World Bank) to provide post-petroleum subsidy palliatives for

over 50 million Nigerians ahead of June 2023.

The Minister of Finance, Budget and National Planning,

Zainab Ahmed, revealed this to State House correspondents

after this week’s Federal Executive Council chaired by

President Muhammadu Buhari at the Aso Rock Villa, Abuja.

According to Ahmed, the 800 million dollars forms the first

tranche of palliatives ready to be disbursed to 10 million

households in the form of cash.