In a transformative move aimed at alleviating poverty and enhancing the livelihoods of Nigeria’s most vulnerable populations, the National Social Investment Programme Agency (NSIPA) has announced the disbursement of a staggering N24,781,525,000.
This amount will benefit a total of 991,261 households across all 36 states and the Federal Capital Territory, Abuja.
In August 2024, 153,038 households received N3,825,950,000, while September saw the allocation of N20,955,575,000 to 838,223 households.
Each beneficiary was provided with N25,000 through their designated Financial Service Providers (FSP).
The initiative, known as the Renewed Hope Conditional Cash Transfer (RH-CCT), is designed to cushion the economic shocks experienced by poor and vulnerable Nigerian households.
It aims not only to provide immediate financial relief but also to foster long-term stability.
According to Assoc. Prof. Badamasi Lawal, National Coordinator/CEO of NSIPA, the economic benefits of the program are far-reaching.
“Immediate poverty reduction, improved household finances, and enhanced savings capabilities are just the beginning. The health benefits will enable beneficiaries to access better health and nutritional services,” he stated.
Lawal also highlighted the emotional and social advantages, stating, “The programme contributes to improved livelihoods, stronger interpersonal relationships, and overall family happiness.”
This significant investment is a testament to President Bola Ahmed Tinubu’s commitment to improving the lives of Nigerians through the Renewed Hope Agenda.
