President Buhari administration has started the payment of N5, 000
monthly stipends to the poorest and the most vulnerable in the country
through the Conditional Cash Transfer (CCT) of its Social Investment
Programmes, SIP.
Under the CCT, one million Nigerians would
receive N5000 monthly payments as a form of social safety net for the
poorest and most vulnerable as budgeted for in the 2016 Budget. In the
first batch that commenced last week, nine states would be covered, and
many of the beneficiaries have already reported receiving their first
payments by Friday last week, December 30, 2016
The commencement
of the payment under the CCT was announced on Monday in a statement from
the Office of the Vice President, Prof Yemi Osinbajo
The
statement, signed by the Vice President’s spokesman Laolu Akande, on
Monday, said funds for the commencement of the payments in four states
were released last week to the Nigeria Inter-Bank Settlement System
(NIBSS) – the platform that hosts and validates payments for all
government’s social intervention programmes. Funds for another set of
five states to complete the first batch of nine states would follow
soon
FG Kick start the payment of N5,000 monthly stipends to poorest Nigerians
No comments:
Post a Comment