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FG Starts Payment Of N5b Monthly Conditional Cash Transfer

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The Federal Government has begun the payment of N5,000 monthly stipend to one million most vulnerable Nigerians through the Conditional Cash Transfer (CCT) of its Social Investment Programmes (SIP).

Senior Special Assistant on Media and Publicity to the Vice President, Laolu Akande in a statement said the implementation of the programme was part of the Muhammadu Buhari administration’s determined efforts to touch the lives of Nigerians positively.
It said beneficiaries in Borno, Kwara and Bauchi states have started receiving the money under the first batch, which also includes Cross Rivers, Niger, Kogi, Oyo, Ogun and Ekiti states.
The statement noted that nine pilot states were chosen because they have existing social registers that successfully identified the most vulnerable and poorest Nigerians through a tried and tested community based targeting (CBT) method working with the World Bank.
According to the Presidency, other states have however already begun developing their social registers and would be included in subsequent phases of the CCT implementation.

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