Cash Transfer:CBN Begins Payment As FG Disqualifies Nigerians Without NIN, BVN

The Federal Government is reviewing and expanding the National Social Register to accommodate pensioners and ex-servicemen under its Conditional Cash Transfer scheme.

It is also removing beneficiaries who have excited the poverty line.

Saturday PUNCH gathered that the government was also taking out dead beneficiaries from the register and would disqualify those without National Identification Numbers and Bank Verification Numbers.

It was further gathered that payments would be made directly to the beneficiaries by the Central Bank of Nigeria and not through consultants, as the first batch of bulk payments would begin next week for five million households.

The Conditional Cash Transfer scheme is part of the National Social Investment Programme of the Federal Government, which is a project created to change the lives of millions of Nigerians living in extreme poverty, upgrade their standards of living and improve the economy.

In commemoration of the 2023 International Day for the Eradication of Poverty on Tuesday in Abuja, President Bola Tinubu launched the disbursement of N25,000 to 15 million households for three months as a social safety net intervention.

The aim is to mitigate the impact of the recent fuel subsidy removal and help eradicate poverty across the country.

Providing further details on the initiative in response to inquiries by Saturday PUNCH, the Special Adviser on Media and Publicity to the Minister of Humanitarian Affairs and Poverty Alleviation, Rasheed Olanrewaju, stated that the cash transfer scheme had been reviewed and expanded.

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Cash transfer: FG disqualifies Nigerians without NIN, BVN, CBN begins payment