Tag: conditional cash transfer

  • Reps to investigate conditional cash transfer payment

    Reps to investigate conditional cash transfer payment

    The House of Representatives is to investigate the delay in the payments to beneficiaries of the Household Upliftment Programme Conditional Cash Transfer of the federal government of Nigeria. 

    This followed a motion on notice by Abbas Adigun on the need to investigate the use it the conditional cash transfer. 

    Adigun said that the federal government, in partnership with the World Bank developed a Social Safety Nets Programme for Nigeria in September 2016, establishing the National Cash Transfer Office responsible for the implementation of the Household Uplifting Programme-Conditional Cash Transfers that caters for poor and vulnerable households across the country. 

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    He said the Programme was conceived as part of the Federal Government’s larger growth and social inclusion strategies aimed at addressing key social concerns in the country. 

    He said that in order to ensure effective and efficient delivery of the Programme in August 2024, nominees for the Programme were informed that they will be paid the sum of N 50,000 (fifty thousand naira) each for three months, the details of the nominees were filled online in the portal dedicated to the Programme and thereafter submitted to the National Cash Transfer Office. 

    Adigun said the payment was to be made directly to the nominees’ bank accounts nationwide and was aimed at cushioning the effect of the economic hardship of the nominees, who are mostly the poor and vulnerable. 

    He said some nominees received payment months after information’s were completed and submitted to the portal, while others nominees have not, and that the National Cash Transfer Office has not responded to the payment of other nominees to date. 

  • 25m Nigerians benefited from ₦25,000 conditional cash transfer – Edun

    25m Nigerians benefited from ₦25,000 conditional cash transfer – Edun

    The Federal Government said on Thursday that 25 million Nigerians have so far benefitted from the ₦25,000 conditional cash transfer.

    Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated this after the National Economic Council meeting presided over by Vice President Kashim Shettima.

    He outlined the measures taken by President Bola Tinubu’s administration to alleviate the hardships faced by Nigerians due to subsidy removal and other ongoing policy reforms.

    According to him, five million households have been beneficiaries of the direct transfer.

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    He further revealed that over the past five days, approximately 11,000 beneficiaries have received ₦3.5 billion through the consumer credit scheme.

    He added that over ₦90 billion has been disbursed to half a million Nigerian students through the student loan scheme.