Conditional Cash Transfer Payment begins to 15 Million Households as Federal Government Launched Program, good news to vulnerable Poor Nigerians as Federal Government Launched today Conditional Cash Transfer. The sum of N25,000 would be transferred to the beneficiaries on a monthly, wow. See how to get verified here.
Before you can be able to receive payment through Conditional Cash Transfer, How to Get Verified on Federal Government National Social Register for Conditional Cash Transfer – The Ministry is taking the verification exercise to the doorsteps of those in the register across all the LGAs in Nigeria to verify them. If you have registered before, make sure you make yourself available when you are needed for verification. Read more here
Conditional Cash Transfer Beneficiaries Payment/Disbursement
The President had in his maiden Independence Day broadcast to Nigerians on October 1, 2023 announced the cash transfer programme which he said would target vulnerable citizens.
The 15 million households, according to the humanitarian affairs minister, represents 62 million Nigerians.
She said that the sum of N25,000 would be transferred to the beneficiaries on a monthly basis for three months, which amounts to N75,000 for each of the beneficiaries.
Iya Loja Funds
The minister also disclosed that in no distant time, another scheme would be launched, code-named ‘Iya Loja Funds’ which would provide soft loans of N50,000 to support petty traders.
Federal Government Farmers Loan
In addition, at the beginning of the next farming season, she said that farmers would be provided with incentives to boost their farm yields.
The Country Director of the World Bank, Chaudhuri, pledged his organisation’s support to the scheme.
Also, the finance minister said a biometric auditing system would be put in place to ensure efficiency and accountability in the disbursement of the funds to beneficiaries.