HomeLocal NewsPresident Buhari Begins N5000 monthly payment to 1 million Broke Nigerians

President Buhari Begins N5000 monthly payment to 1 million Broke Nigerians

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President Buhari Begins N5000 monthly payment to 1 million Broke Nigerians

– One million very poor Nigerians are to get N5000 monthly says the Federal Government (FG)

says N-Power beneficiaries now receiving N30,000 monthly stipends also

More than one year after it came on board, the president Mohammadu Buhari led administration has commenced payment of N5,000 monthly stipends it promised to poor Nigerians. The development was substantially embedded in the campaign promises of the ruling All Progressives Congress, APC during the 2015 presidential election.

One million most vulnerable Nigerians will be rewarded with a N5,000 monthly stipend through the Conditional Cash Transfer (CCT) of its Social Investment Programmes (SIP).

Nine states have been mapped out for coverage in this first batch and already, many of the beneficiaries were reported to have started receiving their first payments by Friday last week. The states were Borno, Kwara, Bauchi, Cross Rivers, Niger, Kogi, Oyo, Ogun and Ekiti. Of the states, Borno, Kwara and Bauchi have started receiving the money while the rest of the states in the first batch would commence the CCT payments soon.

In a similar vein, the FG has started the payment of N30,000 monthly stipends for beneficiaries of the N-Power scheme, the job creation programme of the President Muhammadu Buhari administration.

Laolu Akande, the senior special assistant, media and publicity, office of the vice-president, disclosed this in an interview with the News Agency of Nigeria (NAN) on Friday, December 30, stating that: “all successfully verified beneficiaries who have provided bank accounts are being processed for payment’’.

According to the release, “The nine pilot states were chosen because they have an existing 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. However other states have already begun developing their Social Registers and would be included in subsequent phases of the CCT implementation.

He also disclosed that the implementation of the programme was part of the Muhammadu Buhari administration’s determined efforts to touch the lives of Nigerians positively.

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