The Executive Director, ZSF, Abdullahi Shuaib, said the disbursement was meant to cater for medical and economic needs of the beneficiaries.
According to a statement by the foundation, this has become necessary due to the level of poverty in the country where more than 67 per cent of the 170 million people earned less than one dollar per day.
Apart from funds, a number of items meant to revive or boost the businesses of the beneficiaries were handed over to them.
They include industrial sewing machines, 14 deep freezers, four tricycles and one motorcycle. Others are grinding machine, a pop-corn machine, a laptop, a complete computer system, a binding machine, printer and scanner.
Shuaib said corruption, unemployment and lack of social security for the poor, the needy and the aged had compounded the situation.
He said, “The implication of this ugly scenario is that most of the applicants as well as the beneficiaries of today find it very challenging to meet up with their basic needs of life.”
The Chairman, ZSF Board of Director, Sulayman Olagunju, said the policy thrust of the foundation was to add value to humanity and help the rich to enrich the poor.
The Guest Speaker, Sheikh AbdulMajeed Eleha, urged the beneficiaries to make judicious use of it, so that they would be able to pay Zakat in the near future for others to benefit.
“Poverty and Ignorance are the two major challenges confronting Muslims in Nigeria. If we are to tackle ignorance among Muslims, there is an urgent need for the promotion of qualitative education,” he said.
The Lagos State Commissioner for Home Affairs, Dr. AbdulHakeem AbdulLateef, hailed the foundation for its impact over the years.
“One of the advantages of Zakat,” the commissioner said, “is that it enables equal distribution of wealth. Apart from this, it also creates wealth. In a society where there is crime, there is no equal distribution of wealth. Therefore, one of the ways of balancing this is through the payment of Zakat where we take from the rich and give to the poor and it is being done here by the foundation.”