Breaking: Buhari Fulfills Promise, To Begin Payment Of N5,000


Conditional Cash Transfer (CCT) programme with biometric capture and account opening for the monthly stipend has started in Borno camps for Internally Displaced Persons (IDP), reports.

The exercise is part of the scheme under the ‘Social Investment Programmes’ of the government of Muhammadu Buhari under which one million extremely poor Nigerians will be paid N5,ooo monthly stipend. This brings to fulfilment one of the promises made to Nigerians by the All Progressives Congress, APC, during the last Presidential campaign.

According to the news media, Laolu Akande, the Special Assistant to the Vice President, Yemi Osinbajo, clarified that for the Conditional Cash Transfer the money would be paid directly to the recipients through a payment system that was being worked out.

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Buhari Fulfills Promise, Starts Payment Of N5,000 Monthly Stipend

Osinbajo’s aide said World Bank and the Bill Gates Foundation were also cooperating with the Federal Government to develop an efficient payment system.

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Akande said in a statement:

“Altogether, about N60 billion has been estimated to be paid out to extremely poor Nigerians.”

In a similar development, the Ekiti State Government on Wednesday, October 5, announced the commencement of the implementation of its Social Welfare Scheme for the needy, aged and unemployed. Under the scheme, 10,000 beneficiaries already shortlisted, would receive N5,000 each monthly.

Gov. Ayo Fayose, who launched the scheme, said beneficiaries cut across various strata of the society, adding that the money was being paid directly into the bank accounts of the beneficiaries.

According to the governor, the programme was designed to reduce the financial challenges faced by the beneficiaries. The governor assured that in spite the current economic downturn, his administration would still find ways of helping the downtrodden to enable them to live in some level of comfort.