1.6m households, 8m Nigerian People benefitting from N300bn cash transfer – Buhari

user_icon 1.6m households, 8m Nigerian People benefitting from N300bn cash transfer – Buhari Posted by: NOTICE.COM.NG Staff
calendar-icon 1.6m households, 8m Nigerian People benefitting from N300bn cash transfer – Buhari Posted on: 2021-09-14 14:46:30
1.6m households, 8m Nigerian People benefitting from N300bn cash transfer – Buhari BUHARI-1232177



President Muhammadu Buhari has said 1.6 million households and eight million Nigerian People are benefitting from the Conditional Cash Transfers of his administration.

Buhari said the ongoing efforts to reduce poverty in Nigeria has continued to grow, with 1.6 million poor and vulnerable households, comprising more than 8 million individuals currently benefiting from the Conditional Cash Transfer program.

The President claimed N300 billion has been disbursed to farmers across the country.

DO YOU KNOW >>> ‘Give us an agency to see to our welfare’ - Persons with Disability beg Oyetola

He disclosed this at the opening ceremony of the 14th Annual Banking and Finance Conference of Chartered Institute of Bankers of Nigeria and was contained in a statement by his spokesman, Femi Adesina.

The President said the National Social Register of poor and vulnerable Nigerian People had 32.6 million persons from 7 million poor and vulnerable households identified, imploring bankers to play a stronger role in improving livelihoods.

He said: "From this number, 1.6 million poor and vulnerable households, comprising more than 8 million individuals are currently benefiting from the Conditional Cash Transfer program, which pays a bi-monthly stipend of N10, 000 per household.''

READ ALSO >>> Buhari Government infested with corruption, abuse of power – Dino Melaye

Buhari said the National Social Investment Programme was the biggest in Sub-Saharan Africa and one of the largest in the world.

"Some of the various initiatives embarked upon to boost agric trade in Nigeria include the Anchor Borrowers Programme through which the Central Bank of Nigeria had made more than 300 billion Naira available to over 3.1 million smallholder farmers of 21 different commodities including Rice, Wheat, Maize, Cotton, Cassava, Poultry, Soybeans, Groundnut, Fish, cultivating over 3.8 million hectares of farmland.

"It is on record that 80% of rice consumed in Nigeria is now produced locally.''

READ ALSO >>> I’m sorry – Eden Hazard apologises after Real Madrid 2-0 defeat to Chelsea - UCL

To further strengthen recovery and enable more Nigerian People, Buhari said, last year, he approved the establishment of InfraCo Plc, a world-class infrastructure development vehicle, wholly focused on Nigeria, with combined debt and equity take-off capital of N15 trillion, managed by an independent infrastructure Fund Manager.


LISTEN TO >>> Mixtape: DJ Bigtee D Baddest - Spend Money Street

WATCH >>> Video: Lojay And Sarz - Monalisa

READ ALSO >>> Download Music Video: Korede Bello – Work It


For All Nigeria Past Questions Visit www.QUESTION.NG

Kindly share this post on different Social Media below


Tags:


COMMENTS

NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.


NO POSTED COMMENT