How 8 million Nigerians Are Benefitting From Monthly Cash Transfers – Buhari

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President Muhammadu Buhari has stated that his administration currently is making 8 million Nigerians enjoy the dividends of this administration through the monthly Conditional Cash Transfer (CCT). This according to him is made possible as 1.6 million households are under a “bi-monthly stipend of N10,000″ from his government.

The CCT was established to benefit poor and vulnerable Nigerians with a monthly stipend of N5,000. The Vice President had touted it to be a project lifting people out of poverty. According to the office of the vice-president N5,000 is paid monthly to the most vulnerable households in the country.

Buhari made this known at the opening ceremony of the 14th annual banking and finance conference of Chartered Institute of Bankers of Nigeria (CIBN), on Tuesday.

Buhari said the national social register has 32.6 million persons from 7 million poor and vulnerable households identified

“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,’’ he said.

According to him, the national social investment programme is the biggest in Sub-Saharan Africa and one of the largest in the world.

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