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FG launches conditional cash transfer of N75,000 to 15million households



Bola Tinubu

President Bola Tinubu has formally launched the promised conditional cash transfer program targeted at 15 million households across the country who are billed to receive N75,000 within three months.

The formal launch of the program was held at an event to mark the International Day for the Eradication of Poverty.

The President was represented by the Secretary to the Government of the Federation, Sen. George Akume who said the current administration has strategized several means to tackle poverty in the country.

Also speaking at the event was the Minister of Humanitarian Affairs, Dr. Betta Edu who said, 15million households across the country will get N75,000 within three months.

She added that an adequate verification process has been carried out to ensure the funds get to the deserving beneficiaries. The process includes getting their NIN, and BVN and ensuring their location is correct.

The Minister of finance and coordinating minister of the economy, Mr. Wale Edun said the rate of poverty in the country was unacceptable to the President and reducing poverty remains the President’s number one priority.

The Representative of the World Bank to Nigeria, Shubham Chaudhuri noted that programs such as the conditional cash transfer have proven to be one of the most potent ways to assist vulnerable citizens against economic shocks.