Ondo Governor Lucky Aiyedatiwa has said a total of N1, 219, 125, 000 of the ‘Renewed Hope’ Cash Conditional Transfer’ would be disbursed to over sixteen thousands households in the state.
President Bola Tinubu in October 2023 flagged off the scheme for 15 million households in the country as a strategic move to alleviate the impact of the fuel subsidy removal and tackle economic hardship.
Speaking on Friday at the official flag off ceremony of the second phase of the Conditional Cash Transfer to the beneficiaries at the Akure South Local Government Secretariat, Aiyedatiwa said a total of 16,255 beneficiaries will receive N75,000 each across all the 18 Local Government Areas in the state.
The Governor noted that the fund will be disbursed in a three month installments of N25, 000 directly to the beneficiaries’ debit cards to provide economic support.
He described the initiative of President Tinubu as a bold step towards fulfilling the promise of the Renewed Hope and the economic lives of the people.
“Today, we take yet another bold step in our ongoing commitment to improving the welfare of our people, ensuring social inclusion and fulfilling the promise of Renewed Hope for all.
“To our esteemed beneficiaries, I urge you to use these funds wisely, invest in your families, support your businesses, and ensure that this opportunity translates to meaningful progress in your lives,” the Governor said.
Read Also: Nigeria loses $1.1bn to medical tourism annually — Deputy Speaker Kalu
The Governor recalled that in November 2024, a total of 8, 637 debit cards were distributed to beneficiaries, amounting to ₦647, 775, 000, making the current phase a significant expansion of the social safety net.
According to him, efforts are ongoing to expand the state’s social register to accommodate more vulnerable households, noting that no vulnerable household should be left behind.
He said that his administration will awlays prioritize social inclusion and economic empowerment of vulnerable citizens through strategic partnerships with the federal government.
“We understand the economic challenges that many of our people face, and this programme is a clear demonstration that the government stands with you,” he added.
The Governor expressed gratitude to President Tinubu and the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development for sustaining the programme and prioritising the well-being of ordinary Nigerians