• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigeria’s fast-track of cash transfer to 15m vulnerable households laudable – TMSG

Cash

The Matters Press by The Matters Press
May 17, 2025
Reading Time: 2 mins read
0
Make cash accessible, remove obstacles —stakeholders plead

The Tinubu Media Support Group (TMSG) has welcomed moves by Nigeria to fast-track the disbursement of cash transfers to 15 million households under the Conditional Cash Transfer (CCT) scheme of the President Bola Tinubu administration.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

This, according to the group, is because of the delay in the full implementation of a scheme that is central to the administration’s quest to lift millions of vulnerable Nigerians from acute poverty.

In a statement signed by its Chairman, Emeka Nwankpa, and Secretary, Dapo Okubanjo, TMSG said that with the newly inaugurated inter-agency task force in place, the stage is now set for a wider coverage of the poverty-alleviation scheme.

The statement read in part, “We are aware that President Bola Tinubu formally launched the Conditional Cash Transfer programme targeted at 15 million households across the country soon after assuming office in 2023.

“The idea was to improve on the same scheme introduced by his predecessor, former President Muhammadu Buhari, by reaching more Nigerians than the 1.6 million households (8 million individuals) who benefited from the Buhari administration’s disbursement of N10,000 bi-monthly as of 2021.

“So President Tinubu’s CCT initiative is clearly more ambitious, with the target of ensuring that 15 million households receive N25,000 per month thrice in a year.

“But since the announcement, the process had been slowed down by financial inclusion bottlenecks which are now to be addressed by an inter-agency task force including the National Identity Management Commission (NIMC), National Social Safety-Nets Coordinating Office (NASSCO), National Cash Transfer Office (NCTO), Central Bank of Nigeria (CBN), and the Nigeria Inter-Bank Settlement System (NIBSS).

“We view the composition of the task force as a statement of intent. The Tinubu administration is set to navigate issues of distrust that characterise the previous scheme and ensure that all beneficiaries have a digital footprint aside from bank accounts.

“We still recall how state governments under the auspices of the National Economic Council (NEC), in July 2023, disowned the National Social Register (NSR), the database for vulnerable populations used by the Buhari administration for the CCT programme.

“But now, with NIMC working with the Central Bank and other relevant humanitarian agencies, we are convinced that more of the intended beneficiaries would be able to have the National Identification Number (NIN), which is now mandatory for benefitting from the CCT and other social services.

“In addition, the issue of distrust in disbursement would be addressed, and the possibility of funds getting to intended beneficiaries would be higher with proper documentation and identification.

“All these are necessary against the backdrop of the alarm recently raised by the World Bank on increasing poverty in rural Nigeria and the need to ramp up social protection initiatives.

“Only recently, the Minister of Humanitarian Affairs and Poverty Reduction, Professor Nentawe Yilwatda, told a World Bank delegation led by its Vice President for West and Central Africa, Mr. Ousmane Diagana, that there was evidence now that 6 million households were benefiting from the scheme.

“So we hope that in due course, the Tinubu administration’s target of reaching out to 15 million vulnerable households would be met.”

The group urged agencies involved in the process to live up to expectations by ensuring swift completion of the task of addressing the delay in cushioning the impact of economic hardship on vulnerable Nigerians in the lowest rung of the social strata.

End

Tags: Cash
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Nigeria suspends mining in Zamfara

Revival of mining sector causes increase in licensing fees in Nigeria

Court visits Patience Jonathan’s money palaver

Patience Jonathan's endorsement of Tinubu's re-election, significant, inspiring

Recommended Stories

CBN reports drastic decrease in rice import

Labana’s expansion to West African Countries excites rice farmers

December 26, 2021
Politics hampers NSE in 2018

Stock market opens week trading with a boost

February 1, 2022
Nestle train 30,000 farmers to meet demand

Nestle Nigeria records increase in revenue, reaching N547bn

February 29, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us