Two Million Nigerians To Start Receiving N20bn Monthly – FG

We are pleased to inform you that the Federal Government of Nigeria has said that Two million people in Nigeria will start receiving about N20 billion from the month of June 2022 as basic and conditional cash transfers under the National Cash Transfer Programme of the Federal Government.

This was disclosed in Abuja by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq.

Nyscinfo gathered that the Federal Government if Nigeria would pay the two million people, N5,000 each under the basic cash transfer and additional N5,000 under the conditional cash transfer. This means that the FG would be spending N20bn paying the beneficiaries.

A document on the strategic roadmap and activities of the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, sighted by shows that the number of people receiving cash transfers from the Federal Government had been increasing.

According to the report, in 2018, a total of 19 states were covered under the National Cash Transfer Programme, then this increased to 24 states in 2019 and again moved up to 36 states and the Federal Capital Territory in 2022, covering a total of 1.6 million people.

Meanwhile, Sadiya Farouq, stated in the document that the number of beneficiaries would increase further in June.

Recall that under the cash transfer scheme, the Federal Government of Nigeria supports poor and vulnerable households with cash transfer on a monthly basis.

Farouq said;

“By June 2022 we would be paying two million people N5,000 basic cash transfer and an additional N5,000 on conditional cash transfers, which is conditioned on good health-seeking/behaviour, school retention, and good water and hygiene conditions in their environment/homes”.

The Minister noted that the ministry designed and piloted a shock-responsive social register, called the Rapid Response Register to capture poor people and those impacted by the COVID-19 lockdown.

She said;

“To date, of this one million targeted by the government, we have been able to pay the sum of N5000 to 850,000 beneficiaries digitally through the Nigeria Inter-bank Settlement System, where each account is carefully validated by the system before payment.

“150,000 will be paid by the end of April 2022. Each of these beneficiaries is receiving six months of support in cash.”

Source: Nyscînfo

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top