The scheme, which is set for implementation will see to it that 10,000 beneficiaries would receive N5,000 on a monthly basis.
Governor Ayo Fayose who launched the scheme said already shortlisted beneficiaries are from different sectors of the society and the money will be paid directly into the bank accounts of the beneficiaries.
According to the governor, the programme is designed to ameliorate the financial challenges faced by the beneficiaries. The governor assured that in spite of the current economic downturn, his administration would still find ways of helping the downtrodden to enable them to live in some level of comfort.
He added that the beneficiaries cut across the physically challenged, the albinos, visually impaired, the aged, among others. The governor said no fewer than 6,000 beneficiaries had their accounts credited with the money on Wednesday, October 5, the kick-off date.
He explained that by directly crediting accounts of beneficiaries, the state was eliminating fraud and ensuring that the real beneficiaries get the money.