President Muhammadu Buhari has announced the commencement of the disbursement of the sum of N10.9 Billion to households and Micro, Small and Medium Enterprises as palliatives due to the COVID-19 pandemic.

He said this on Tuesday while delivering a speech, on the first day of the 75th session of the UN General Assembly, according to Channels TV. 

President Buhari expressed that the disbursement of the sum is part of efforts to reduce the suffering of Nigerians imposed by the COVID-19.

He said: "In order to mitigate its impact on Nigerians, our administration has commenced the disbursement of the sum of N10.9 Billion to households and Micro, Small and Medium Enterprises as palliatives."

While speaking, President Buhari also reiterated Nigeria’s commitment to working other member states to uplift the lives of its citizens.

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“I should also state that Nigeria is committed to working with the other Member States in the spirit of global cooperation and solidarity to promote human health and general well-being.

“Nigeria will continue to partner with the WHO and some countries to ensure accelerated development and manufacturing, as well as the uninhibited supply of safe and effective Coronavirus vaccines to all,” he said.

Moreover, President Buhari revealed that his government has set up a N500 billion fiscal stimulus package and sustained delivery of humanitarian and social interventions to poor households.

He added that the Central Bank of Nigeria has launched a N3.5 trillion-stimulus package to help local factories and thus discourage importation.

The theme of this year’s General Assembly is ‘The Future We Want, The United Nations We Need: Reaffirming Our Collective Commitment to Multilateralism- Confronting Coronavirus Through Effective Multilateral Action’.