President Bola Ahmed Tinubu on Tuesday launched the Renewed Hope Conditional Cash Transfer (CCT) for 15million households.
Humanitarian affairs minister also revealed that in no distant time, another scheme would be launched, code-named ‘Iya Loja Funds’ which would provide soft loans of N50,000 to support petty traders.In addition, at the beginning of the next farming season, she said that farmers would be provided with incentives to boost their farm yields.
The Country Director of the World Bank, Chaudhuri, pledged his organisation’s support to the scheme.
The finance minister added that a biometric auditing system would be put in place to ensure efficiency and accountability in the disbursement of the funds to beneficiaries.
The News Agency of Nigeria reports that the CCT launch would be heralded by the symbolic handing over of cheques to a number of households at the venue of the event.
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