In a recent statement released on Monday by Laolu Akande, the Senior Special Assistant on Media and Publicity to Vice President Yemi Osinbajo, the Federal Government has commenced the payment of N5,000 to one million poorest Nigerians.
According to Akande, many beneficiaries in Borno, Kwara and Bauchi States had already started receiving their own payment since on December 30, 2016.
“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.
One million Nigerians will receive N5,000 monthly payments through the Conditional Cash Transfer (CCT) of the Social Investment Programmes (SIP) as budgeted in last year’s over N6trillion Budget.
“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.”
In the first batch of the N5,000 monthly package, nine (9) states (Borno, Kwara, Bauchi, Cross Rivers, Niger, Kogi, Oyo, Ogun and Ekiti states) with social register that identified the vulnerable and poorest Nigerians will benefit from the programme.
“Though the sequence for the payment of the money would be operationally managed by NIBSS, beneficiaries in Borno, Kwara and Bauchi States have started receiving the money. The other states in the first batch to commence the CCT payments are Cross Rivers, Niger, Kogi, Oyo, Ogun & Ekiti States.”
“The nine pilot states were chosen because they have an existing Social Register that successfully identified the most vulnerable and poorest Nigerians through a tried and tested community based targeting (CBT) method working with the World Bank. However other states have already begun developing their Social Registers and would be included in subsequent phases of the CCT implementation.”
Mr. Akande added that the Federal Government with the support of the World Bank has adopted the Community Based Targeting (CBT) for developing the social register in other states like Plateau, Jigawa, Adamawa, Anambra, Benue, Enugu, Katsina and Taraba States, followed by Delta, Gombe, Kaduna, Kano, Imo and Ogun States.
“Once the community mobilisation, identification and selection processes are completed, the information garnered from the poorest households would be entered onto the Social Register in the
states and the National Register at NIBSS, after which the cash transfers would be disbursed to the beneficiaries.”
He also added that in three states the Buhari Administration has started the payment of N30,000 stipend to over 200,000 graduates selected across the nation for the N-Power Volunteer Corps programme.