N5k Saves Nigerians, Some Shed Tears When They Receive It - Minister

Recall that the President Muhammadu Buhari led administration in a bid to push 100 million Nigerians from extreme poverty, launched a conditional cash transfer for poor and vulnerable NIgerians who receive N5,000 monthly.

Speaking on the programme to State House correspondents in Abuja on Thursday, February 17, 2022, Farouq said;

"If you look at the people that you are taking this intervention to, N5,000 means a lot to them because these are poor and vulnerable households and it changes their status, but for you and me, N5,000 is not even enough for us to buy recharge card, that's the difference.

"But for these poor people in the communities, you have seen, they were able to save out of that N5,000.

"When people say N5000 does not save people, that is an elitist statement, honestly because we've had causes to go to the field, and we have seen these people that when you give them this N5,000, they cried and shed tears because they've never seen N5,000 in their lives. So, it goes a long way, it changes their status and by that, it lifts them from one stage to another