FG To Share N25,000 Monthly Each to Families, Lists Beneficiaries
- ./The federal government has increased the beneficiaries of its National Cash Transfer Programme
- The government said the funds are given to vulnerable households and set to support development
- Over 150,000 Oyo households have benefited in six months, with plans to expand coverage and improve payment systems
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Federal Government has expanded its N25,000 National Cash Transfer Programme to reach 15 million vulnerable citizens.
This was disclosed by Toyin Balogun, the Oyo State Commissioner for Women Affairs and Social Inclusion, during a stakeholder sensitisation and awareness meeting on the National Social Safety Nets Programme Scale-Up, held on Thursday at DSC Hotel, Iyaganku Government Reserved Area in Ibadan, the state capital.
Source: Getty Images
Balogun, represented by the Permanent Secretary of the ministry, Dr Mofoluwake Ibitoye, said social protection remained a vital strategy in tackling poverty and economic vulnerability.
She noted that the state Cash Transfer Unit had made significant progress in reaching targeted households and lifting many out of extreme poverty.
She said.
“The stakeholder meeting was convened to deepen understanding of the programme’s objectives, strengthen collaboration, promote effective community sensitisation, and enhance the visibility and acceptance of this impactful initiative.
“The scaled-up programme, coordinated by the National Cash Transfer Office in Abuja, will now provide N25,000 in three tranches to each of the 15 million beneficiaries, including those listed in the state’s segment of the National Social Register."
The commissioner commended Governor Seyi Makinde for his unwavering support of social welfare and praised the dedication of cash transfer officers for their patriotism and integrity in executing the programme, Punch reports.
Source: Facebook
Oyo state government speaks
In her remarks, the Special Adviser to the Governor on General Intervention and Donor Funds, Mrs Aderonke Adedayo, represented by Mrs Temitope Fagbola, said over 150,000 households in the state had benefited from the programme in the last six months.
She explained that the funds were paid directly into verified accounts linked to beneficiaries’ National Identification Numbers (NIN) and Bank Verification Numbers (BVN) to ensure transparency.
“Though the amount may seem modest, it represents a meaningful investment in the well-being of our people and a clear statement of hope from the government."
Also speaking, the state Programme Manager, Akintunde Gbadamosi, said only individuals listed on the state Social Register and with valid NINs were eligible for support.
He added that the state was working to simplify the disbursement process by linking beneficiaries to debit cards and personal bank accounts that receive funds directly from the Central Bank of Nigeria.
FG announces free training, deadline nears for registration
Earlier, Legit.ng reported that the National Directorate of Employment (NDE) has announced the registration for the second phase of the Renewed Hope Employment Initiative (RHEI).
The initiative is aimed at reducing unemployment through vocational and digital skills tailored to Nigeria's needs.
The programme is free, fully funded, offering stipends and start-up support for selected trades in high-demand sectors.
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
Source: Legit.ng
