Tuesday, January 3, 2017

Buhari Fulfills Another Campaign Promise

As part of its determined efforts to touch the lives of Nigerians positively the Buhari administration has fulfilled yet another campaign promise with 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.

“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".

Meanwhile, Plateau, Jigawa, Adamawa, Anambra, Benue, Enugu, Katsina & Taraba States have also far complied with the stipulated framework provided, and are set for the community based targeting method for the development of their Social Register within their jurisdictions.

While Delta, Gombe, Kaduna, Kano, Imo and Ogun States will follow.

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