The Federal Government has announced that President Bola Tinubu will launch the new cash transfer program to 15 million households across Nigeria on Tuesday, October 17.
The Nigerian Presidency made the announcement in a tweet on Tuesday.
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The Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, had disclosed the FG’s plan to commence a new cash transfer program to 15 million households by October.
She disclosed this in September during an interview on Arise Tv on the Progress Report on Nigeria’s participation at the 78th United Nations General Assembly meeting.
Edu made the disclosure while responding to questions on the FG’s presence at the UNGA 78 and what it meant for the Nigerians.
“We had meetings with the World Bank and very soon, we will announce the upscale of the national safety net program which will be putting funds in the pocket of over 15 million households in Nigeria,” she said.
“These are tangible funds that people can use to start businesses and improve their lives. This will be happening next month October.”
Edu had also revealed that the FG was ready to extend its social safety net program so as to reduce the level of poverty among households across Nigeria.
She added that the initiative is a strategic effort on the part of the FG to empower individuals and families in the country.
“We’ll initiate an expanded and upscaled social safety net program designed to reach a lot of households in Nigeria,” Edu said.
“These funds are aimed at jumpstarting businesses and helping individuals regain their footing.”
She further noted that the Federal government will partner with the state government and local communities in the verification of the national social register.
The Minister said it was geared towards ensuring that those in the current social register are still in that social category.