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Home Business News Business

Conditional Cash Transfer: FG says it has registered 1.9 million poor, vulnerable households

Chike Olisah by Chike Olisah
November 13, 2021
in Business
N-power
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The Federal Government has revealed that more than 1.9 million poor and vulnerable households in Nigeria have so far been registered under its Household Uplifting Programme-Conditional Cash Transfer (HUP-CCT).

The government has also said that N58 billion has been disbursed to beneficiaries of the programme across the country within the last 2 months as backlog across implementing states and the FCT.

According to NAN, this was made known by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq, at the closing of a 2-day stepdown training on programme orientation and implementation refresher training for Cash Transfer Facilitators held on Saturday in Yola.

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What the Minister of Humanitarian Affairs is saying

Farouq who was represented by Hajiya Halima Shehu, National Programme Coordinator, National Cash Transfer Office, said that the training is in preparation for the enrolment of additional 23,134 poor and vulnerable households in the state.

She said, “The National Cash transfer Office, since its inception in 2016, has enrolled over 1.9 million poor and vulnerable households in 36 states and the Federal Capital Territory (FCT). The beneficiaries were captured in the National Beneficiary Register (NBR) under the Household Uplifting Programme-Conditional Cash Transfer (HUP-CCT).’’

The minister explained that the programme was initiated by the federal government in partnership with the World Bank in order to reduce poverty trend, especially among women and the vulnerable.

Farouq said that one of the core objectives of the programme was to help move the poor out of poverty in line with President Muhammadu Buhari’s vision of lifting 100 million Nigerians out of poverty.

What you should know

Recall that in March 2020, the Federal Government commenced immediate payment of conditional cash transfer funds to the poorest and most vulnerable households in the country.

Due to the impact of the lockdown on the finances of many income earners, the category of vulnerable groups was also expanded to accommodate more persons.

The programme was resumed on August 23, 2021, after an initial delay due to a system upgrade being carried out by the federal government to boost efficient service delivery.

The National Cash Transfer Office which coordinates the programme, is an arm of National Social Investment Programmes (NSIPs) under her Ministry.

Tags: National Cash Transfer Office
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 2

  1. Eddy Ekanem says:
    November 14, 2021 at 9:30 pm

    How can I be a part of it

    Reply
  2. Saminu sani says:
    November 15, 2021 at 8:20 am

    I need some money for business

    Reply

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