Singapore is introducing a new child support package that will provide each eligible Singaporean child with nearly S$70,000, equivalent to about N94 million, in government benefits from birth until age 17. Prime Minister Lawrence Wong announced the S$62,000 SG Child Support Package during his National Day Rally speech on August 23. The new package brings together several forms of assistance, including a S$10,000 cash Baby Gift, S$32,000 in Child Credits, a S$5,000 Child Development Account grant, up to S$5,000 in government CDA co-matching and a S$10,000 top-up to the child’s Post-Secondary...