Social Investment Programme: FG begins monthly payment of N5,000 to one million Nigerians

The Federal Government has commenced the monthly payment of N5, 000 stipend to the poorest and most vulnerable in the country through the Conditional Cash Transfer (CCT) of its Social Investment Programmes (SIP). Under the CCT, one million poorest and most vulnerable Nigerians would receive N5, 000 monthly as a form of social safety net. In the first batch that commenced last week, nine states (Borno, Kwara, Bauchi, Cross Rivers, Niger, Kogi, Oyo, Ogun and Ekiti) were covered and many of the beneficiaries had acknowledged receiving their first payment by Friday, December 30, 2016.

The Federal Government has commenced the monthly payment of N5, 000 stipend to the poorest and most vulnerable in the country through the Conditional Cash Transfer (CCT) of its Social Investment Programmes (SIP). Under the CCT, one million poorest and most vulnerable Nigerians would receive N5, 000 monthly as a form of social safety net. In the first batch that commenced last week, nine states (Borno, Kwara, Bauchi, Cross Rivers, Niger, Kogi, Oyo, Ogun and Ekiti) were covered and many of the beneficiaries had acknowledged receiving their first payment by Friday, December 30, 2016.

According to a statement by the Senior Special Assistant on Media and Publicity to the Vice President, Laolu Akande, the nine pilot states were chosen because they had a social register that successfully identified the most vulnerable and poorest Nigerians through a tried and tested community-based targeting (CBT) method working with the World Bank.