President Bola Tinubu has launched the Renewed Hope Conditional Cash Transfer for 15 million households in a bid to cushion the effect of the fuel subsidy removal.
The launching was held at the Press Gallery of the State House in Abuja on Tuesday, October 17.
The Secretary to the Government of the Federation, George Akume represented the President at the event.
The Secretary to the Government of the Federation, George Akume represented the President at the event.
Recall that the President had in his maiden Independence Day broadcast to Nigerians on October 1, 2023 announced the cash transfer programme which he said would target vulnerable citizens.
The 15 million households, according to the humanitarian affairs minister, represents 62 million Nigerians.
She said that the sum of N25,000 would be t
ransferred to the beneficiaries on a monthly basis for three months, which amounts to N75,000 for each of the beneficiaries.
