Economy
283,003 Lagos residents to get N25,000 from FG for 3 months
The Federal Government has initiated the training of facilitators for the Renewed Hope Conditional Cash Transfer program in Lagos State, aiming to enrol 283,003 beneficiaries. Dr. Michael Ajuluchuku, the National Programme Manager of the National Cash Transfer Office (NCTO) in Abuja, expressed during a one-day training in Lagos that the initiative is designed to offer financial relief to vulnerable citizens in the state. According to Ajuluchuku, the step-down training is structured to prepare facilitators for enrolling the 283,003 beneficiaries in the state. He demanded payment from the facilitators for ensuring a rapid enrolment of beneficiaries, completing the circle according to the initial plan.
He mentioned that the project will prioritise households in both rural and urban areas, specifically targeting those classified as poor and vulnerable across the country. “The design of the scale of NASSP-SU intervention has two components, Shock Responsive Social Protection (Urban), and Shock Responsive Social Protection, (Rural) that is aimed at providing N25,000 for three months to beneficiaries amounting to N75,000,” he said. Speaking about the selection process, Ajuluchuku highlighted the National Social Safety Net Project’s two program-implementing units. The National Social Safety Net Coordinating Office is specifically tasked with gathering data on the poor and vulnerable across the country. Basically, their mandate is to generate data of the poor and the vulnerable.
“The second programme implementation unit is the National Cash Transfer Office, which is mainly responsible for delivering the intervention. To us at NCTO, we mine these two data of the poor and vulnerable from the National Safety Net Coordinating Office. The criteria are that the beneficiaries must be poor and vulnerable and must fall between the poverty line as established by the Federal Government so that is how these data is gotten for intervention,” he said.
-
Finance1 day agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
News1 day agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Economy1 day agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Business1 day agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture1 day agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Maritime1 day agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Oil and Gas1 day agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
Economy9 hours agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others
