BUHARI BEGINS PAYMENT OF N5000 MONTHLY STIPEND.

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In a statement by Laolu Akande, spokesman to Vice-President Yemi Osinbajo on Monday 2nd January, the federal government confirms that it has begun the payment of the promised monthly stipend of N5000. According to the statement, the program is targeted at one million poor and vulnerable Nigerians implemented through the Conditional Cash Transfer (CCT) component of the government’s Social Investment Programmes (SIP).

Conditional Cash Transfer (CCT) is a program that aims to reduce poverty by making welfare programs conditional upon the beneficiaries. Therefore, all beneficiaries will be required to receive other welfare services under the government’s SIP programs. He also added that the commencement of this program will paved way for the implementation of four other SIP programs of the Federal government.

‘…with the commencement of CCT, the Buhari administration is now implementing four of the federal Government’s SIP’.

The first batch of the beneficiaries received their stipends as the program commenced last week covering nine States of the federation. Those States include: Borno, Kwara, Bauchi, Cross River, Niger, Kogi, Oyo, Ogun and Ekiti. “Funds for the commencement of the payments in four states were released last week to the Nigeria Inter-Bank Settlement System (NIBSS) – the platform that hosts and validates payments for all government’s social intervention programs,” Akande said, adding that funds for another set of five states will follow soon.

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The choice of the nine States were based on availability of an existing comprehensive Social Register accounting for the most vulnerable and poorest Nigerians in the states. This accssment was carried out through a community-based targeting (CBT) method in line with the World Bank. Other states have, however, began to develop their Registers so as to be included in the subsequent phases of the CCT implementations.

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