By Blessing Bature
The Federal Government of Nigeria has released N24.78 billion to support 991,261 households across the 36 states and the FCT Abuja.
The National Coordinator and CEO of the National Cash Transfer Office under the National Social Investment Agency, Assoc. Prof. Badamasi Lawal PhD made this known in a statement in Abuja said the initiative is part of President Bola Ahmed Tinubu’s Renewed Hope Agenda, aimed at alleviating poverty and improving the livelihoods of poor and vulnerable Nigerians.
He noted that “The program demonstrates the government’s commitment to supporting vulnerable populations and promoting economic growth.
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The National Cash Transfer Office under the National Social Investment Agency (NSIPA) has released the sum of N24, 781,525,000 for the payment of 991,261 household beneficiaries across the 36 States and the FCT Abuja.
“In August 2024, a total number of 153,038 household beneficiaries received the sum of N3, 825,950,000. Similarly, in September 2024 the sum of N20, 955,575,000 was paid to 838,223 household beneficiaries across the 36 States and the FCT. Each of the beneficiary received N25,000 through their Financial Service Providers (FSP)”.
“The Renewed Hope Conditional Cash Transfer, RH-CCT, is aimed to cushion the economic shocks of the beneficiaries who are mostly the poor and vulnerable Nigerian households”.
“The economic benefits include but not limited to immediate poverty reduction, improve household finances and savings ability of the beneficiaries. The health benefits provide opportunities for the beneficiaries to improve their health and nutritional services. The emotional and social benefits include livelihood, interpersonal relationship and family happiness”.