The Federal Government says it has disbursed N24.78 billion to 991,261 poor households under the National Cash Transfer programme.
This, it said, is part of efforts to alleviate poverty in the country.
National Coordinator and Chief Executive Officer, National Social Investment Programme Agency (NSIPA), Badamasi Lawal, said the disbursement was in line with President Bola Tinubu’s Renewed Hope Agenda.
According to him, the Federal Government had in August 2024 paid N3.83 billion to 153,038 households.
Lawal stated that in September 2024, the agency shared N20.96 billion among 838,223 households and each beneficiary household received N25,000 through their designated Financial Service Providers.
“The Renewed Hope Conditional Cash Transfer is aimed to cushion the economic shocks of the beneficiaries who are mostly the poor and vulnerable Nigerian households,” the statement added.
Lawal said in addition to reducing poverty, the programme is expected to improve household finances and promote savings.
“The health benefits provide opportunities for the beneficiaries to improve their health and nutritional services. The emotional and social benefits include livelihood, interpersonal relationship and family happiness,” the statement read.
Lawal reaffirmed the agency’s commitment to supporting the most vulnerable in society through social interventions.
Meanwhile, the federal government also said it disbursed the second tranche of payments to approximately one million beneficiaries of its cash-based Social Investment Programme.
Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, disclosed this during a meeting with the Presidential Panel on the Social Investment Programme.
