Nigerian Government Expands Conditional Cash Transfer Program to 15 Million Households

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The Federal Government of Nigeria has unveiled ambitious plans to extend its social safety net initiative, known as “Conditional Cash Transfer” (CCT), to cover a significant portion of the population. Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, shared this significant development during her meeting with Mr. Shubham Chaudhuri, the World Bank Country Director in Abuja.

Minister Edu expressed her gratitude for the continuous support provided by the World Bank to Nigeria in various sectors, including education, health, agriculture, and private sector development. She emphasized the importance of President Bola Ahmed Tinubu’s “Renewed Hope” agenda, which led to the renaming of the ministry to “Humanitarian Affairs and Poverty Alleviation” to directly address poverty-related challenges.

Edu outlined the government’s plans, which include the creation of the Renewed Hope Humanitarian and Poverty Alleviation Trust Fund (HPATF), funded through various sources such as the federal government’s budgetary allocation, contributions from development partners, the international community, taxes, and private sector contributions. This trust fund aims to further support poverty alleviation efforts.

One crucial aspect of the initiative involves expanding the National Social Register (NSR). The Ministry is seeking World Bank’s support to verify and scale up this register; aligning with President Tinubu’s vision to lift millions of Nigerians out of poverty.

In response, the World Bank Country Director, Mr. Shubham Chaudhuri, pledged full support for the Ministry’s new focus. He highlighted the forthcoming disbursement of $800 million for the Social Safety Nets Project; stating that it will commence soon.

The World Bank will collaborate closely with the Ministry in verifying and expanding the National Social Register, providing technical support for their preparations to attend the United Nations General Assembly (UNGA), and offering specialized assistance in establishing the Trust Fund.

This development reflects the Nigerian government’s commitment to addressing poverty and improving the welfare of its citizens, with the support of international partners like the World Bank.

 

 

 

 

 

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