Kaduna state governor, Uba Sani, has described the proposed cash transfer policy of President Bola Tinubu’s administration as a scam.
Sani stated this while speaking in an interview with AriseTV on Friday, July 21.
The governor noted that his position at the nation’s critical time is that cash transfers should be completely dumped as the people the money would be transferred to are not outrightly identifiable.
“Let me give an example, go and check the current statistics. As I said, as the chairman, committee of banking for four years in Nigeria, I oversight Central Bank, I oversight all the commercial sectors of our economy for the last four years, and I looked at the statistics, I will be very firm on this issue, and you can go and check it,” Sani began.
“About 70 to 75 percent of the rural population in north-west are financially excluded completely. You will have to go and check, these people we are talking about are important people in society. They do not even have a bank account so who are you transferring the money to?
“Let’s try and work very hard to make sure that they are financially included, that is the most important thing and I will like to call on our development partners, the World Bank, to put more money towards bringing more people into the financial services and the vulnerable in particular,” he added.
He urged the federal government to put more money to ensure bank accounts are opened for these vulnerable people and get them involved, stressing that if that was not done, no matter the effort deployed to get the money across, it would get to the wrong people.
Politics Nigeria reported that President Tinubu had earlier unveiled his administration’s plan for a monthly N8,000 transfer to 12 million of the poorest households in the country for a period of six months.
This, according to him, is in a bid cushion the effects of the fuel subsidy removal.
Tinubu’s announcement has continued to generate mixed reactions from Nigerian.
