A Bank Report projected that the number of poor Nigerians has increased by 14.7 per cent over the last four years and could hit 95.1 by year end.
Each of the beneficiaries was said to have recieved N10,000 in the past two months.
Under Mr Buhari’s watch, Nigeria displaced India to become world’s poverty capital in 2018, according to report by Brookings Institution.
The organisation said the number of people in critical or worse phases of food insecurity might increase to about 16.9 million.
President Muhammadu Buhari’s regime says it plans to generate N2.62 trillion revenue from taxing Nigerians through VAT in 2022.
UN says COVID-19 has pushed back between 119 to 124 million people, including Nigerians, into poverty and chronic hunger.