NSIPA Confirms Release of N24.78bn Cash Transfer To 991,261 Households

Posted on September 26, 2024

The National Coordinator of the National Social Investment Programme Agency (NSIPA), Associate Professor Badamasi Lawal, announced on Thursday the release of N24.782 billion in conditional cash transfers (CCT) to 991,261 households across all 36 states and the Federal Capital Territory (FCT).

In a statement made available to Humanitarian Correspondents in Abuja, Lawal detailed that each beneficiary received N25,000 through their respective Financial Service Providers (FSPs).

He emphasized that the initiative aligns with the Renewed Hope Agenda of President Bola Ahmed Tinubu, aimed at alleviating poverty and improving the livelihoods of vulnerable Nigerians. Lawal stated:

“The National Cash Transfer Office under the NSIPA has released N24,781,525,000 for the payment to 991,261 household beneficiaries across the 36 states and the FCT.”

In August 2024, a total of 153,038 household beneficiaries received N3,825,950,000. Similarly, in September 2024, N20,955,575,000 was disbursed to 838,223 household beneficiaries.

Lawal outlined the intended benefits of the Renewed Hope Conditional Cash Transfer (RH-CCT) program, which include:

Economic Benefits: Immediate poverty reduction, improved household finances, and enhanced savings capacity.

Health Benefits: Greater access to health and nutritional services.

Emotional and Social Benefits: Improved livelihood, stronger interpersonal relationships, and enhanced family happiness.

This program is designed to provide essential support to the most disadvantaged populations, helping them to regain financial stability and improve their quality of life.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

CHRISTIAN ABURIME As the 2025 Anambra State governorship election draws closer, political candidates are... Continue
In a striking demonstration of leadership and commitment to grassroots mobilisation, the Executive Chairman... Continue
Governor Bassey Otu of Cross River State has praised President Bola Tinubu’s “magical” leadership... Continue
The Peoples Democratic Party (PDP) in Osun State has categorically debunked and denounced the... Continue
  The Oyo State Government has commenced a comprehensive upgrade of 66 Primary Healthcare... Continue
These are interesting end times indeed! How else would you explain the words: “I... Continue
  The Oyo State Government has announced scheduled dates for the 2025 Basic Education... Continue
BY TEMITOPE AJAYI What was widely touted as a potential seismic shift in Nigeria’s... Continue
CYRIACUS IZUEKWE  ACPN has announced their 44th Annual International Conference of the Association of... Continue
TEMITOPE AJAYI  What was widely touted as a potential seismic shift in Nigeria’s political... Continue

UBA


Access Bank

Twitter

Sponsored