October 17, (THEWILL) – The Federal Government has launched the Renewed Hope Conditional Cash Transfer (CCT) social policy scheme for 15 million households.
President Bola Tinubu, represented by Secretary to the Government of the Federation (SGF), George Akume, flagged off the program at a ceremony held at the Press Gallery of the State House in Abuja, on Tuesday.
The President had in his Independence Day broadcast to Nigerians on October 1, 2023, announced the cash transfer programme, which he said would target vulnerable citizens.
Minister of Humanitarian Affairs and Poverty Eradication, Betta Edu, said the sum of N25,000 would be transferred to the beneficiaries on a monthly basis for three months.
The Minister also disclosed that another scheme code-named ‘Iya Loja Funds’, which would provide soft loans of N50,000 to support petty traders, would be launched soon.
Besides the SGF and Betta Edu, the Minister Of Finance, Wale Edun; World Bank Country Director, Shubham Chaudhuri; the United Nations Resident and Humanitarian Coordinator For Nigeria, Matthias Schmale; among other dignitaries, attended the event.
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