Nigerian Government Set to Launch Conditional Cash Transfer to 15Million Households on October 17th – Betta Edu
Minister Betta Edu emphasized that the launch is contingent on the expected approval from the President, which is anticipated to be granted later this week.
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Nigerian Government Set to Launch Conditional Cash Transfer to 15 Million Households on October 17th – Betta Edu
In a significant move aimed at alleviating poverty and ensuring financial stability among the most vulnerable in Nigeria, the Federal Government is gearing up to launch its conditional cash transfer policy on October 17th, 2023.
The announcement was made by the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, during her appearance on Channels Television’s Sunday Politics show.
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The conditional cash transfer program is poised to reach a staggering 15 million households across the nation, signaling the government’s commitment to addressing poverty and providing a safety net for those in need.
Minister Betta Edu emphasized that the launch is contingent on the expected approval from the President, which is anticipated to be granted later this week.
The initiative aims to identify and support Nigerians who live below the poverty line, defined as those earning less than $1.95 a day. To ensure the program’s effectiveness, the Ministry of Humanitarian Affairs and Poverty Alleviation has been collaborating with stakeholders nationwide to compile a credible register of beneficiaries.
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Minister Edu revealed that a comprehensive verification exercise is currently underway, with personnel deployed in every state to facilitate the process. State cash transfer offices are working in conjunction with governors who head the steering committee, along with other individuals, to verify the authenticity of beneficiaries listed on the national social register.
Acknowledging the possibility of inaccuracies in the register due to factors like deaths or upward mobility, Minister Betta Edu emphasized the importance of data accuracy.
She stated that the verification exercise involves cross-referencing data with various sources, including the Bank Verification Number (BVN) and the National Identification Number (NIM), to ensure that assistance reaches those truly in need.
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Furthermore, the program incorporates biometrics to enhance security and transparency. Each household is documented with a picture, and a unique numbering system is applied to facilitate cross-referencing against the register.
This meticulous approach aims to prevent any misallocation of resources and ensure that the government’s efforts effectively reach the intended beneficiaries.
As the launch date approaches, the conditional cash transfer program represents a promising step towards improving the livelihoods of millions of Nigerians facing economic hardship.
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It reflects the government’s commitment to reducing poverty and inequality, with an emphasis on precision and transparency in aid distribution.
With these measures in place, the Nigerian government is poised to make a meaningful impact on the lives of vulnerable households, offering them a lifeline towards a more stable and secure future.
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