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President Bola Tinubu has inaugurated an extensive conditional cash transfer program targeting 15 million poor households across the country.
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Each eligible household is slated to receive N75,000 within a three-month timeframe as part of this program, which was formally unveiled on the International Day for the Eradication of Poverty.
The conditional cash transfer policy for 15 million households was launched last week.
According to the Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu, the verification processes including the use of Bank Verification Number (BVN) has already commenced.
“As we speak, we are having a verification exercise. Every state can bear us witness that we have put boots on the ground – persons who are working with the state cash transfer office as well as the governors who are the heads of the steering committee and then several other persons,” she said.
“All of this is to be sure those who are on the national social register truly are Nigerians who fall [spend] within the under $1.95 a day [range] and they deserve to have it,” the minister told Channels.
