THE Federal Government yesterday announced that N5 billion has been released to 56,500 vulnerable women to commence the Conditional Cash Transfer (CCT) scheme as part of the strategy against poverty and hunger in the country.
The women, according to the Senior Special Assistant on Millennium Development Goals (MDGs) to the President, Dr. Precious Gbeneol, were drawn from 24 states of the federation.
Speaking in Ado Ekiti yesterday during the National Launch of the CCT Scheme, Gbeneol said that all beneficiaries of the scheme would be entitled to a monthly stipend of N5,000 for 12 months, after which they would be given “N100,000 each to invest in agriculture, finance the education of their children or look after their health needs.”
The programme, being implemented in collaboration with Ekiti State Government under the MDG, saw 2,250 women drawn from five local councils benefitting from the N375 million jointly contributed by the state and the Federal Government.
She disclosed that it was the first electronically computed CCT in the country done in partnership with the World Bank and Eco Bank Nigeria Plc, stating that the biometrics of the beneficiaries would obviate the delay or malpractices being noticed in the disbursement of the fund.
In his response, Governor Kayode Fayemi described the programme as one of the multilateral benefits, adding that it was high time the federal, state and council administrations formed a synergy to rid the country of poverty.
“My dream is that a time is coming when every poor senior citizen will be automatically qualified for the Social Security Scheme,” he said. “As a democratic government, our job and mission will not be accomplished unless we make poverty history.”
According to him, his administration is stepping up efforts to ensure that it benefits from the N220 billion to be injected into the Small and Medium Scale Enterprises to stimulate the economy and improve the wellbeing of the citizens.