WELCOME TO NAIJAFINIX.COM


Two Million Nigerians To Start Receiving N20bn Monthly From June -FG

ADVERTISE HERE

ADVERTISE HERE

The scheme which is scheduled to kick off in June would see the government paying the two million beneficiaries N5,000 each month under the basic cash transfer and an additional N5,000 under the conditional cash transfer.

The monthly sum of N20 billion will be paid to two million Nigerians as basic cash transfers and conditional cash transfers under the National Cash Transfer Programme, the Federal Government has confirmed.

According to the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, the scheme which is scheduled to kick off in June, would see the government paying the two million beneficiaries N5,000 each month under the basic cash transfer, and an additional N5,000 under the conditional cash transfer.

Farouq, who made this known in a statement on Sunday, noted that the March 2022 document on the strategic roadmap and activities of her ministry showed that the number of people who have been receiving cash transfers from the government have been on the increase.

The Minister added that the number would increase further in June under the cash transfer scheme as the Federal Government continues to support poor and vulnerable households with cash on a monthly basis.

“By June 2022 we would be paying two million people N5,000 basic cash transfer and an additional N5,000 on conditional cash transfers, which is conditioned on good health-seeking/behaviour, school retention, and good water and hygiene conditions in their environment/homes,” Farouq stated.

“To date, we have been able to pay the sum of N5000 to 850,000 beneficiaries digitally through the Nigeria Inter-bank Settlement System, where each account is carefully validated by the system before payment.

“150,000 will be paid by the end of April 2022. Each of these beneficiaries is receiving six months of support in cash,” she added.

ADVERTISE HERE

CLICK HERE TO COMMENT ON THIS POST

Leave a Reply

Your email address will not be published. Required fields are marked *

"Naijafinix Next Rated - HOW TO BILL A MAN"

 

SEE MORE VIDEOS HERE

NAIJAFINIX TOP 10 SONGS

"Money & Love"
Wizkid

"Xtra Cool"
Young Jonn

"Philo"
Bella Shmurda Ft. Omah Lay

"2 Sugar"
Wizkid Ft. Ayra Starr

"Bad To Me"
Wizkid

"Cough"
Kizz Daniel Ft. Empire

"Joha"
Asake

"Electricity"
Pheelz Ft. Davido

"Soweto"
Victony Ft Tempoe

"Safe Haven"
Omah Lay
For Any Song of Your Choice CLICK HERE

GO BACK TO THE TOP

ADVERTISE HERE