The federal government has paid poor Nigerians the sum of N330 billion in cash transfers through the National Social Safety-net Coordinating Office.

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed this while briefing the press, in Abuja.

He disclosed that there were about 19.7 million poor and vulnerable households and over 70 million individuals on the National Social Register.

According to Edun, the cash transfers are part of President Bola Tinubu’s strategies to help poor Nigerians cope with rising prices brought about by the fuel subsidy removal and the floating of the Nigeria.

The minister added that household yet to be paid would receive theirs before the end of the year. The cash transfers are being done from an $800 million facility of the World Bank.