The National Cash Transfer Office under the National Social Investment Agency (NSIPA) said it has released N24,781,525,000 for the payment of 991,261 household beneficiaries across the 36 States and the FCT Abuja.
The Agency explained that the payment was in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu, aimed at alleviating poverty and improving the livelihood of poor and vulnerable Nigerians.
The Agency in a statement on Thursday by its National Coordinator, Assoc. Prof. Badamasi Lawal, said the beneficiaries were paid N25,000 each between August and September this year.
The statement reads: “The National Cash Transfer Office under the National Social Investment Agency (NSIPA) has released the sum of N24, 781,525,000 for the payment of 991,261 household beneficiaries across the 36 States and the FCT Abuja.
“In August 2024, a total number of 153,038 household beneficiaries received the sum of N3, 825,950,000.
“Similarly, in September 2024 the sum of N20, 955,575,000 was paid to 838,223 household beneficiaries across the 36 States and the FCT
“Each of the beneficiaries received N25,000 through their Financial Service Providers (FSP). The Renewed Hope Conditional Cash Transfer (RH-CCT) is aimed to cushion the economic shocks of the beneficiaries who are mostly the poor and vulnerable Nigerian households.
“The economic benefits include but are not limited to immediate poverty reduction, improved household finances and the savings ability of the beneficiaries.
“The health benefits provide opportunities for the beneficiaries to improve their health and nutritional services. The emotional and social benefits include livelihood, interpersonal relationships and family happiness”.
