To alleviate poverty and improve the livelihood of vulnerable Nigerians, the Federal Government has released the sum of N24, 781, 525, 000 for payment to 991, 261 households across 36 states, including the Federal Capital Territory (FCT), under the Renewed Hope Conditional Cash Transfer (RH-CCT) of the National Social Investment Programme Agency (NSIPA).
This amount, according to the National Coordinator, NSIPA, Dr. Badamasi Lawal, is in continuation of previous disbursements of the sums of N3, 825, 950, 000 to 153, 038 households in August 2024 and another N20, 955, 575, 000 earlier this month, September 2024, to 838, 223 households.
Dr Lawal, in a communiqué, said that “The Renewed Hope Conditional Cash Transfer is aimed to cushion the economic shocks of beneficiaries who are mostly poor and vulnerable Nigerian households.
“The economic benefit includes, but not limited to, immediate poverty reduction, improved household finances and savings, [and] ability of the beneficiaries. The health benefits provide opportunities for the beneficiaries to improve their health and nutritional services.
He also noted that beneficiaries would have access to emotional and social benefits in the forms of livelihoods, interpersonal relationships and family happiness.
