Most-At-Need Sudanese to Get Direct Cash Payments from Government

- FFK Warns Against Arrest of Sunday Igboho - January 24, 2021
- FG Grants Plateau Govt NIN registration Licence - January 24, 2021
- Scores Injured as Gas Explosion Hits Rivers Community - January 24, 2021
Citizens of Sudan are set to receive direct cash transfers from next week as part of experimental programme as the country attempts to ease off expensive subsidies.
Sudan’s capital Khartoum has been striving to revive its faltering economy. This latest attempt is aimed at improving the lot of the city and the country at large. Sudan has faced an inflation rate of almost 100% and the currency facing a free fall. The government has had to print money to subsidise basic necessities like bread, fuel and electricity.
The country has a foreign debts rate of about $62 billion. Last week, its government started talks that could usher international finance support by the International Monetary Fund (IMF) through a non-funded programme.
Under first phase of the new pilot cash payment programme, the government will transfer 500 Sudanese pounds (about $9) per person per month, beginning in Khartoum’s West Soba district, quickly followed by four other areas in the country, the finance ministry said in a statement on Sunday.
“These areas were carefully chosen to assess the appropriateness of the project’s mechanisms, plans and interventions” before being extended to the rest of the country, it said.
The programme is being funded by the Sudanese government and international organisations, the statement said.
Prime Minister Abdalla Hamdok promised two weeks ago that the government would sustain subsidies on bread or electricity, but instead would focus on reducing them on petrol and diesel.
Source: CGTN Africa
This post was written by Nwolu Obiajulu.
The views expressed here belong to the author and do not necessarily reflect our views and opinions.
Leave a Reply
#Popular in this month
Most Popular
-
1Nigeria: Underage Voters are Registered Because Registration Officers’ Lives are Threatened – INEC
-
2Nigerian Government Approves Phased reopening of Schools
-
3Sack Service Chiefs Now, Norther Elders ask Buhari
-
4CBN’s Targeted Credit Facility for Covid-19 – Fraud or Incompetence?
-
5Nigeria Secures $288.5m African Development Bank Loan
-
6Security: Family and Friends Mourn as Father of Two is Killed by a Stray Bullet in Lagos
-
7South Africa: Girl School’s Naked Cultural Performance Sparks Outrage
Adsterra
More News...
-
FG Grants Plateau Govt NIN registration Licence
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
21 Million Subscribers Yet to Obtain NIN – Telcos...
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
FG Extends Deadline for NIN
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
43 Million NINs Awaiting NIMC Verification
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
Ekiti Govt. Includes N550m Budget For drones Used ...
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
Again, Instagram Suspends Tunde Ednut’s Account
About Latest Posts Nwolu ObiajuluObiajulu... read more »
-
NIN: NIMC Resumes Enrolment As Minister Promises t...
About Latest Posts Nwolu ObiajuluObiajulu... read more »
Your comment?