FG Launches Conditional Cash Transfer For 15 Million Households
President Bola Tinubu On Tuesday, launched the Renewed Hope Conditional Cash Transfer for 15 million households.
Speaking during the launch, held at the Press Gallery of the State House, Abuja, the Secretary to the Government of the Federation, George Akume who represented the President, said the gesture was part of Tinubu’s promise to vulnerable residents.
It would be recalled that the President had in his maiden Independence Day broadcast to Nigerians on October 1, 2023, announced the cash transfer programme.
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 15 million households, according to the humanitarian affairs minister, represent 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.
Kazeem Badmus is a graduate of Mass Communication with years of experience. A professional in journalism and media writing, Kazeem prioritses accuracy and factual reportage of issues. He is also a dexterous finder of the truth with conscious delivery of unbiased and development oriented stories.
