FG expands ₦25,000 cash transfer scheme to 15 million beneficiaries
The Federal Government has scaled up its National Cash Transfer Programme to reach 15 million vulnerable citizens, with the Oyo State Government intensifying efforts to ensure indigent residents benefit from the initiative.
- Balogun, who was represented by the Permanent Secretary of the ministry, Dr Mofoluwake Ibitoye, emphasised that social protection remains 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.
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,” Balogun stated.
- The commissioner commended Governor Seyi Makinde for his unwavering support of social welfare and lauded the dedication of cash transfer officers for their patriotism and integrity in executing the programme.
- In her remarks, the Special Adviser to the Governor on General Intervention and Donor Funds, Mrs Aderonke Adedayo, represented by Mrs Temitope Fagbola, revealed that, “Over 150,000 households in the state have already benefited from the programme in the last six months.
“The funds were paid directly into verified accounts linked to beneficiaries’ National Identification Numbers and Bank Verification Numbers to ensure transparency.
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