Kaduna State Governor, Uba Sani, has strongly criticized the Federal Government’s proposed cash transfer policy, labeling it as a scam.
Initially, the Tinubu administration had put forth a plan to provide N8,000 to 12 million Nigerian households over a period of six months, aiming to alleviate the impact of removing petrol subsidies.
However, due to widespread opposition from Nigerians, the government eventually decided to abandon the proposal.
During an interview with Arise Television’s News Night on Friday, Governor Sani expressed his concerns about the lack of a reliable and accurate database of beneficiaries for the cash transfer program. This uncertainty about the recipients raised doubts about the feasibility and integrity of the scheme.
The governor said, “My position has always been that, at this critical time, cash transfer should not be something that we should bring up. I think that cash transfer for me, in my opinion, is a scam. Completely it’s a scam. I can be very certain about that, because who are you transferring the money to?
“Let me give an example, go and check the current statistics. Like 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.
“About 70 to 75 per cent 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 the society. They do not even have a bank account so who are you transferring the money to?”
The governor, however, noted that the government should first ensure that the financially excluded individuals especially in the North West are taken care of and brought into the financial system before implementing the cash transfer programme.
“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.
“Let’s put more money to ensure that we open accounts for them, get them involved, if we don’t do that, no matter what we do however you do it, money will go to the wrong people, that’s the fact,” he said.
