Friday, June 23, 2017
Video - Nigeria rolls out 1st national social-welfare program
Nigeria is rolling out its first national social-welfare program modeled partly on Brazil's Bolsa Familia. The move is a bid to boost a weak economy and curb poverty by giving cash to its poorest citizens while ensuring their children go to school. Africa's most-populous nation is investing 1.5 billion dollars in the initiative this year and is talking to the World Bank about a 500 million dollar loan. Launched in December, the program is initially targeting about 1 million households starting in eight of Nigeria's 36 states. The government expects that reducing poverty will have a knock-on effect for the rest of the economy.