Just in: Tinubu launches conditional cash transfer for 15 million households

President Bola Tinubu has launched the Renewed Hope Conditional Cash Transfer for 15 million households.

The launch was held at the Press Gallery of the State House in Abuja on Tuesday, coinciding with the World Poverty Eradication Day.

The Secretary to the Government of the Federation, George Akume represented the President at the event.

In attendance are the Minister of Humanitarian Affairs and Poverty Eradication, Betta Edu; Minister Of Finance, Wale Edun; World Bank Country Director, Shubham Chaudhuri; and the United Nations Resident and Humanitarian Coordinator For Nigeria, Matthias Schmale; among other dignitaries.

The President had in his maiden Independence Day broadcast to Nigerians on October 1, 2023 announced the cash transfer programme which he said would target vulnerable citizens.

The 15 million households, according to the humanitarian affairs minister, represents 62 million Nigerians.

She said that the sum of N25,000 would be transferred to the beneficiaries on a monthly basis for three months, which amounts to N75,000 for each of the beneficiaries.

The minister also disclosed that in no distant time, another scheme would be launched, code-named ‘Iya Loja Funds’ which would provide soft loans of N50,000 to support petty traders.

In addition, at the beginning of the next farming season, she said that farmers would be provided with incentives to boost their farm yields.

The Country Director of the World Bank, Chaudhuri, pledged his organisation’s support to the scheme.

The finance minister said a biometric auditing system would be put in place to ensure efficiency and accountability in the disbursement of the funds to beneficiaries.

Comments

Court orders Okowa government to account for over N200bn education funds, allocations

Court orders Okowa government to account for over N200bn education funds, allocations The Federal High Court sitting in Lagos, in a landmark judgment, has “ordered the disclosure of the spending details of over N200bn public funds collected by the government of former Delta State governor Ifeanyi Okowa from the Universal Basic Education Commission [UBEC] fund and allocations from the Federation Accounts.” The court ordered the Delta State Governor Sheriff Oborevwori to “disclose details of budgetary allocations and actual spending by the Okowa government between 2015 and 2019, including specific projects carried out to improve primary education in Delta State, and the locations of such projects.” The judgment was delivered by Honourable Justice Daniel Osiagor, following a Freedom of Information suit number: FHC/L/CS/803/2019, brought by Socio-Economic Rights and Accountability Project (SERAP). In his judgment, Justice Osiagor held that, “SERAP has cognizable legal right to inquire and

Olu Of Warri Defends Tradition, Speaks on Christianity

Olu Of Warri Defends Tradition, Speaks on Christianity The Olu of Warri, His Majesty Ògíamẹ̀ Atúwàtse III, has dispelled the insinuation that there is a conflict between the traditional thrones and Christendom. The monarch, who stated this when he received the Soun of Ogbomoso land, Oba Ghandi Afolabi Olaoye, Orumogege III, in his Palace in Warri Kingdom, Delta State, said that the two institutions were not necessarily antithetical. He also debunked the assumption that traditional institutions were synonymous with fetishism and the worship of creations made by human beings and reasoning. He, however, noted that the two institutions can play complementary role that will contribute to the growth and development of the country. The Olu, who said he was elated by the Soun’s visit, said the new Ogbomoso monarch’s choice of Warri kingdom as his first place of visit was divinely directed, just as his choice for the throne was divinely ordained. He said that they owe i

Many Benefited as Tantita Save Niger Delta From Enviromental Ruins

Many Benefited as Tantita Save Niger Delta From Enviromental Ruins It is on record over the past twenty years in the Niger Delta region, South-South Nigeria where incessant fire disaster and untimely death was on the increase in weekly basis as result of the activities of illegal oil bunkering, especially the process of local refining popularly known as Kpo-Fire. The menace also renders our young married ladies widows in the ljaw riverine communities because most of their life partners venture into the Kpo-Fire business due to its lucrative nature in making quick money. To proof your doubt, take a tour to any of the ljaw riverine communities across Burutu, Warri South-West, Bomadi, Patani in Delta State, and Southern ljaw, Ekeremor, Nembe and Brass LGAs in Bayelsa State, you will discovered that most of our youths are facially disfigured in parts of their body as result of severe fire accident incurred during cooking and burning (refining) of crude oil to kerosene, fuel and desiel for

FocalPoint Reports

Search This Blog