National Leader of All Progressives Congress, Asiwaju Ahmed Bola Tinubu, has advised the Federal Government to make cash payments to households through Bank Verification Numbers (BVN) to cushion the effects of COVID-19 pandemic on Nigerians.
Tinubu who is a former Governor of Lagos State, gave the advice in a statement issued on Wednesday in Lagos.
He advised that payments could be done quickly by using the BVN of prospective recipients to make direct deposits into individual bank accounts.
The APC leader said the use of BVN would also be safer and not lead to violence and crime that might follow physical cash transfers.
Tinubu said this would encourage those without bank accounts to establish such accounts, adding that it would further bring millions of people into formal banking.
He noted that the less privileged families still needed food, water, shelter and, to a lesser degree, utilities. “In a compassionate society, they should not be made to do without”, he chipped
Jagaban as fondly called stressed, “Most families need relief. If relief is not forthcoming, these families risk hunger and its attendant suffering and woes”.
Tinubu said the palliative measures would blunt hunger and help sustain private-sector markets to the extent possible, suggesting that such payments could be done in either one or in a combination of three ways.
He said, “First, we can designate a stipend for every household. The amount should be enough to pay for the monthly needs of an ‘average’ household for food and other basics.
“While this may somewhat penalise larger families, perfection cannot be had at this time”.