FG begins payment of N5000 monthly stipends to Poor Nigerians – As the N-Power beneficiaries now receives N30,000 monthly stipends, President Muhammadu Buhari and his led administration as started the payment of N5,000 payment of monthly stipends as part of it’s determined efforts to to touch lives positively in Nigeria.
Under the Conditional Cash Transfer (CCT), one million Nigerians would receive N5,000 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 were covered And beneficiaries have already reported receiving their first payments by Friday last week, December 30, 2016.
Here Are the states that Have started receiving their Payments
“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” stated the office of the Vice President where the project is domiciled.
It also stated that “the sequence for the payment of the money would be operationally managed by NIBSS”.
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.
In the new year, the plans of the Federal Government is to scale up the implementation of the SIP to touch the lives of millions of Nigerians in fulfillment of it’s promises and in furtherance of its Change agenda.
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