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FG Plans To Transfer Cash To 15 Million Poor Nigerians

According to the FG, Federal Government, the Conditional Cash Transfer (CCT) initiative’s government-sponsored poverty intervention will assist 15 million households in Nigeria.
In an interactive session with journalists in Abuja, Betta Edu, the minister of humanitarian affairs and poverty alleviation, disclosed this.

She stated that the intervention will assist 15 million low-income households as soon as it has been presented to and obtained the president Bola Tinubu’s assent.

“The most important people in the whole picture are those who are beneficiaries we need to begin to put faces to stories; who benefited, who is the person, who are the people, where are they and can you show us evidence of this benefit that you got?

“So your jobs as journalist is to help government to be transparent and to be as close as possible to the people because there is a huge gap between the government and the people; they don’t feel the pulse of the government and we want to close that gap,” she said.

The minister stated that “The Ministry is preparing to host the Humanitarian Dialogue as well as creation of the Renewed Hope Humanitarian and Poverty Alleviation Trust Fund (HPATF)” during a previous meeting with the World Bank over the CCT.

“The Federal Government’s financial provision and allocation, Development Partners, the International Community, Taxes, and Private Sector Contributions, among Others, are anticipated to contribute to the Trust Fund.

“The Ministry needs the support of the World Bank to verify and expand the National Social Register (NSR).and offer your technical support in order to work with the Ministry to achieve Mr President’s target.”

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The World Bank’s flexibility in accommodating the Ministry’s refocused goal to end poverty, she said in response to the bank, is a positive development.

Shubham Chaudhuri, the country director for the World Bank, stated that the bank will give the new minister the assistance he needs to carry out the ministry’s new objective.

He also said,

“The proposed disbursement of $800M for the Social Safety Nets Project will commence soonest.

“We will support the verification and scaling up of the National Social Register, provide technical support in the preparation of the Ministry to attend UNGA and give specialized backing for the establishment of the Trust Fund”.

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