FG Claims N419bn Disbursed to Nearly 6m Nigerians, Promises Another N54bn Payout in August

The Federal Government says it has so far disbursed N419 billion under its conditional cash transfer programme, reaching nearly six million Nigerians.

Minister of State for Humanitarian Affairs and Poverty Reduction, Tanko Sununu, disclosed this during an interview on Channels Television’s Sunrise Daily on Monday.

According to him, the initiative targets vulnerable citizens captured in the National Social Register, with 71 percent of beneficiaries from the North and 29 percent from the South.

“In August, we are going to reach 2.19 million people. So far, N419 billion has been disbursed to 5.968 million Nigerians. By the end of this month, another N54 billion will be paid to 2.119 million beneficiaries,” Sununu said.

He explained that each beneficiary will receive N75,000 in total, paid in three tranches of N25,000.

The minister added that the government was adopting more transparent measures in the disbursement process.
“We are moving away from anonymous transfers. Everything will be done publicly. We will release data per state, with details of the amounts and beneficiaries, and the information can be verified with the World Bank,” he noted.

Nigeria’s conditional cash transfer programme has faced criticisms in the past over poor accountability and alleged corruption.

#Instablog9jaNews #TrendingStory #Awareness #StayUpdated