Presidency begins payment of N5,000 stipend

Date: 2017-01-03

The Presidency has begun payment of N5,000 monthly stipend to the poorest and the most vulnerable in the country through the Conditional Cash Transfer (CCT) of its social investment programmes.

A statement yesterday by the Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, said the first batch started last week covering nine states.

The vice president's spokesman said many of the beneficiaries had last Friday received their first payment

Akande said under the CCT, one million Nigerians would receive N5,000 monthly payments as a form of social safety net for the poorest and most vulnerable as budgeted for in the 2016 budget.

He said funds for the commencement of the payments in four states were released last week to the Nigeria Inter-Bank Settlement System which "hosts and validates payments for all government's social intervention programmes. Funds for another set of five states to complete the first batch of nine states would follow soon."

Akande stated: "Though the sequence for the payment of the money would be operationally managed by NIBSS, beneficiaries in Borno, Kwara and Bauchi states have started receiving the money. The other states in the first batch to commence the CCT payments are Cross Rivers, Niger, Kogi, Oyo, Ogun and Ekiti States.

"The nine pilot states were chosen because they have an existing Social Register that successfully identified the most vulnerable and poorest Nigerians through a tried and tested community based targeting (CBT) method working with the World Bank. However other states have already begun developing their Social Registers and would be included in subsequent phases of the CCT implementation.

"Beneficiaries of the Conditional Cash Transfer of the Federal Government would be mined from the Social Register, initially developed by 8 States through a direct engagement with the World Bank. Those states are featured in the first batch, with the added inclusion of Borno State, where a validated list of IDPs was compiled in addition to the Social Register which is expected to go round the country.

"Working with the World Bank, the CBT process has now been adopted for developing the Social Register in the other States around the country, for transparency, objectivity and credibility in the selection of the poorest and most vulnerable beneficiaries for the programme.

"The Federal Government will actually commence community mobilisation for the creation of the Register in more States soon, to expand the scope and reach of the CCT across the country.

"Meanwhile, Plateau, Jigawa, Adamawa, Anambra, Benue, Enugu, Katsina & Taraba States have so far complied with the stipulated framework provided, and are set for the community based targeting method for the development of their Social Register within their jurisdictions.

"These states are to be followed by Delta, Gombe, Kaduna, Kano, Imo and Ogun States. Once the community mobilization, identification and selection processes are completed, the information garnered from the poorest households would be entered onto the Social Register in the states and the National Register at NIBSS, after which the cash transfers would be disbursed to the beneficiaries.

"All the funds approved for the Federal Government's Social Investment Programmes, SIP, are domiciled with the Ministry of Budget and National Planning. In addition, the payment information and processes for all beneficiaries of the Federal Government's SIP are hosted at NIBSS, as the Consolidated Beneficiary Register, to ensure and fortify efforts at authentication and verification, as well as for effective and efficient programme management."

Source

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Age AbdulKareem     Asa LGEA School     Falokun-Oja     S.O. Opowoye     Ndama Al-hassan     Tope Daramola     Ahmad Uthman     Lai Mohammed     Abdullahi G. Mohammad     N-Power     Chief Imam Of Offa     Radio SBS     Ishola Balogun Fulani     Oba Abu     Mamman Saba Jibril     Ajia-Bako     Toyin Saraki     Afusat Nike Ibrahim     Federal Neuro-Psychiatric Hospital     QuickWin     Ekiti     Gobirawa     Kwara State Council Of Chiefs     Ahmed Mohammed Rifun     Alabi Olayemi Abdulrazak     Transition Implementation Committee     Abdulrasheed Lafia     Isapa     UNILORIN Alumni Association     Isin     Amuda Aluko     Kwara Politics     Kunbi Titiloye     Shehu Alimi Foundation     Azeez Salawu     Aisha Ahman Pategi     Ebun-Olu Adegboruwa     Shonga Farm Project     Ethical College     Iyabo Adisa Ibiyeye     Simon Sayomi     Peter Amogbonjaye     Plat Technologies Limited     College Of Education     Olayinka Jelili Yusuf     Abdulquawiy Olododo     Baaziki Sulaiman     Abubakar Olusola Saraki     FERMA     Muftau Akanbi Oke     Adamu Ibrahim Sabi     IDPU     Jimoh Olusola Imam     Kupchi Hosea Maxwell     Lukman Adeloyin     Dankaka     Adedipe     CCB     Tsaragi-Share     Isiaka Alikinla     Seun Bolaji     SUBEB     Ibrahim Labaika     Ambassador Kayode Laro     Kwara North     Bayer Nigeria Limited     Emir Of Yashikira     Leke Ogungbe     Amos Sayo     Ajibola Saliu Ajia     Razaq Ayobami Akanbi     Kwara State University Of Education     Aso Ofi     Oja-Oba     Bayer AG     Bolaji Nagode     Abdulkadir Akanbi-Oke    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Smart School     Wahab Abayawo     Lateef Ademola Olatunji     AGF Abdulrazaq     Tunde Yusuf     Taiwo Joseph     Oasis Muslim Care Foundation     Kumbi Titiloye     Kwabes     Olatunji Moronfoye     ITP     Alfa Belgore     Kwara 2015     Abdullahi AbdulMajeed     Onilupeju Of Ilupeju     Abdulrahman Abdullahi Kayode     Saidu Yaro Musa     Saheed Popoola     Idowu Aremu     Hydroelectric Power Producing Areas Development Commission     Jimoh Olusola Imam     Mustapha Akanbi     Aliyu Sabi     Kale Belgore     Ramadan     Doyin Group     Ekweremadu     Ganmo Electricity Sub-Station     Hassan Saliu     Adamu B. Yaqubu     Laduba     Oladipo Akanmu Tolani     Tayo Awodiji     SSA Youth Engagement     Baba Isale     Harrison Osauwagboe     Samuel Elizabeth Keatswa     Shehu Salau     National Broadcasting Commission     Osi     Ilorin Descendants Progressive Union     Idris Garuba     Offa     Okanlawon Taiwo     AbdulRazaq Jiddah     NaAllah     Ahmad Fatima Bisola     Katibi Ibraheem Adeola     Khairat Gwadabe     Amos Sayo     Sarah Alade     Facemasks     Yoruba     Kwara State Coalition Of Business And Professional Associations     Wale Oladepo     Nigeria Customs Service     Ladi Hassan     Bond     Modupe Oluwole     Mary Arinde     Overland     Abiodun Oyedepo     Umar Bayo Abdulwahab     Inside Kwara     Kamoru Kadiri     Special Agro-industrial Processing Zone     Kawu     Ayotunde Emmanuel Alao     Lithium     Shehu Adaramaja     Mohammed Haruna     Raji Ayodele Kamaldeen     Kumbi Titilope     Olatinwo     Yahaya Dumoye     Saadu Gbogbo Iwe     Borgu