The Bola Ahmed Tinubu-led Nigerian government has disbursed ₦24.78 billion to 991,261 poor households as part of its National Cash Transfer Program, aimed at easing economic hardship.
This initiative is led by the National Social Investment Programme Agency (NSIPA) and covers all 36 states and the Federal Capital Territory.
Badamasi Lawal, NSIPA’s National Coordinator, stated on Thursday that the disbursement aligns with President Bola Tinubu’s Renewed Hope Agenda to alleviate the impact of inflation, which reached 32.15 percent in August.
He noted that ₦3.83 billion was distributed to 153,038 households in August 2024, while ₦20.96 billion was shared among 838,223 households in September 2024, with each receiving ₦25,000 through designated financial service providers.
The initiative is designed to support poor and vulnerable households during these challenging economic times. Wale Edun, the Minister of Finance, also confirmed the release of the second tranche of payments during a meeting with the Presidential Panel on the Social Investment Programme.
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