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Home Economy And Business

FG To Cover 15 Million Household Under Conditional Cash Transfer – Betta Edu

Dr Betta Edu, has stated that President Bola Tinubu Government is set to cover no fewer than fifteen million households under its updated social safety net project tagged "Conditional Cash Transfer" CCT.

by NewsOnline Nigeria
September 3, 2023
in Economy And Business, Headline
0
Betta Edu

Betta Edu

 Betta Edu has revealed that President Tinubu’s Government would cover 15 million households under the unconditional cash transfer programme.

 

Newsonline Nigeria reports that the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, has stated that President Bola Tinubu Government is set to cover no fewer than fifteen million households under its updated social safety net project tagged “Conditional Cash Transfer” CCT.

 

This Nigeria News platform understands that the Minister made this known when she met the World Bank Country Director, Mr. Shubham Chaudhuri at the bank ‘s headquarters in Abuja. She expressed gratitude to the World bank Country Director for the continuous support extended to Nigeria, especially in the areas of Education, health, agriculture, private sector development, social services among others.

 

Edu reminded the World Bank team of the Renewed Hope agenda of President Bola Ahmed Tinubu that led to the renaming of the Ministry of Humanitarian Affairs and Poverty Alleviation to directly focus on the people and lift them out of poverty.

 

The flexibility of the World Bank to accommodate the re-focused agenda of the Ministry to eliminate poverty is a welcome development. “The Ministry is preparing to host the Humanitarian Dialogue as well as the creation of the Renewed Hope Humanitarian and Poverty Alleviation Trust Fund (HPATF).

 

The Trust Fund is expected to come from Federal Government budgetary provision and allocation, Development partners, the international community, taxes, and private sector contributions among others.

 

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” she stated.

 

Speaking on the visit, the World Bank Country Director, Mr Shubham Chaudhuri, pledged to provide all the needed support for the new Minister to deliver on the new focus of the Ministry.

 

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.

 

Source: Rhoda Ishaku lliya, Deputy Director, Information FMHAPA.

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