World Bank Launches N329.53bn Cash Transfer Programme In Nigeria

We are pleased to inform the public that the World Bank has rolled out $800million (about N329.53 billion) cash transfer programme in Nigeria. According to the World Bank Country Director for Nigeria, Shubham Chaudhuri, the facility is designed to fund a large scale Conditional Cash Transfer programme in Nigeria.

Also, the Nigeria Governors’ Forum confirmed this in its 36th teleconference meeting communique held on Thursday in Abuja.

Nyscinfo learnt that information about the fund was disclosed to the governors by the Country Director of World Bank, Shubham Chaudhuri, during the meeting.

“Forum members also listened to the World Bank Country Director, Shubham Chaudhuri, on the rollout of a World Bank financed $800m facility designed to fund a large-scale Conditional Cash Transfer programme across the country.

“The forum thereafter resolved that each state governor will establish and chair a steering committee to oversee the Conditional Cash Transfer initiative to ensure that the programme aligns with the vision of the state government.”

It is of public knowledge that the Federal Government of Nigeria supports indigent poor Nigerians by giving them cash, through the CCT programme, which is managed by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.

The Nigeria Governor’s Forum noted that it received a presentation from the humanitarian ministry on the cash transfer programmes of federal government.

Source: Nyscinfo

Leave a Comment

Your email address will not be published.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

Scroll to Top