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FG Begins Disbursement of N5,000 Monthly Stipend to One Million Nigerians

BellaNaija.com

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The Federal Government has announced that it has started payment of N5,000 monthly stipend to one million of the poorest and most vulnerable in the country through the Conditional Cash Transfer (CCT) of its Social Investment Programmes (SIP).

This was disclosed in a statement by the Senior Special Assistant (Media and Publicity), to Vice President Yemi Osinbajo, Laolu Akande on Monday

Akande disclosed that under the CCT, one million Nigerians would receive N5000 monthly payments as a form of social safety net for the poorest and most vulnerable as budgeted for in the 2016 Budget.

“In the first batch that commenced last week, nine states would be covered, and many of the beneficiaries have already reported that they have received their first payments on Friday last week, December 30, 2016,” the statement said.

Akande also said that N-Power beneficiaries are already receiving the N30,000 monthly stipend, adding that the Micro-Credit Scheme of the SIP aimed at giving soft loans (N10,000 – N100,000) to about N1.2m artisans, traders and market women is also being implemented.

He also said that the National Homegrown School Feeding  Programme has begun in 3 states.

Read below:

Funds for the commencement of the payments in four states were released last week to the Nigeria Inter-Bank Settlement System (NIBSS) – the platform that hosts and validates payments for all government’s social intervention programmes. Funds for another set of five states to complete the first batch of nine states would follow soon.

Though the sequence for the payment of the money would be operationally managed by NIBSS, beneficiaries in Borno, Kwara and Bauchi States have started receiving the money. The other states in the first batch to commence the CCT payments are Cross Rivers, Niger, Kogi, Oyo, Ogun & Ekiti States.

The nine pilot states were chosen because they have an existing Social Register that successfully identified the most vulnerable and poorest Nigerians through a tried and tested community based targeting (CBT) method working with the World Bank. However other states have already begun developing their Social Registers and would be included in subsequent phases of the CCT implementation.

Beneficiaries of the Conditional Cash Transfer of the Federal Government would be mined from the Social Register, initially developed by 8 States through a direct engagement with the World Bank. Those states are featured in the first batch, with the added inclusion of Borno States where a validated list of IDPS were compiled in addition to the Social Register which is expected to go round the country.

Working with the World Bank, the CBT process has now been adopted for developing the Social Register in the other States around the country, for transparency, objectivity and credibility in the selection of the poorest and most vulnerable beneficiaries for the programme.

The Federal Government will actually commence community mobilization for the creation of the Register in more States soon, to expand the scope and reach of the CCT across the country.

Meanwhile, Plateau, Jigawa, Adamawa, Anambra, Benue, Enugu, Katsina & Taraba  States have so far complied with the stipulated framework provided, and are set for the community based targeting method for the development of their Social Register within their jurisdictions.

These States are to be followed by Delta, Gombe, Kaduna, Kano, Imo and Ogun States. Once the community mobilization, identification and selection processes are completed, the information garnered from the poorest households would be entered onto the Social Register in the states and the National Register at NIBSS, after which the cash transfers would be disbursed to the beneficiaries.

All the funds approved for the Federal Government’s Social Investment Programmes, SIP, are domiciled with the Ministry of Budget and National Planning. In addition, the payment information and processes for all beneficiaries of the Federal Government’s SIP are hosted at NIBSS, as the Consolidated Beneficiary Register, to ensure and fortify efforts at authentication and verification, as well as for effective and efficient programme management.

With the commencement of the CCT, the Buhari administration is now implementing four of the Federal Government’s SIP.

Besides the CCT, the N-Power Volunteer Corps designed to hire half a million unemployed graduates which has now engaged 200,000, and the National Homegrown School Feeding  Programme now running in three states, the Buhari administration has also kicked-off the Government Enterprise and Empowerment Programme, (GEEP).

Under GEEP, soft loans ranging from N10,000 to 100,000 have been designed for artisans, traders, market women among others.

Already, thousands of cooperatives, market women associations, farmers and enterprising youths, have been identified and registered for the purpose, on an ongoing basis, and the disbursement of the soft loans through the Bank of Industry have started since Nov 25, 2016.

At the last count, for the first phase, beneficiaries have been drawn from the Federal Capital Territory, FCT, Abia, Adamawa, Bauchi, Delta, Imo, Kwara, Kano, Katsina, Lagos, Osun, Oyo, Ogun and Kogi States.

However, disbursements were halted and deferred until after the festive season. Vetting and approval of beneficiaries are now being continued through the month, with the expectation and plan that by month-end disbursements would have been made to 33,000 beneficiaries.

Regarding the 200,000 beneficiaries of the N-Power programme, close to 50% of the graduates, have now been physically verified, and started receiving their monthly stipends of N30,000 last week. A second batch of 300,000 unemployed graduates are expected to be selected early this year to make up the half a million target set by the Buhari administration.

The verified graduates are now being deployed to work as assistant teachers in schools, as community health aides and as agricultural extension workers, in more than 20 States of the Federation. These States include; Abia, Adamawa, Bauchi, Anambra, Benue, Cross Rivers, Borno, Gombe, Edo, Jigawa, Katsina, Plateau, Kogi, Osun, Rivers, Zamfara, Niger, Sokoto, Ogun and Taraba.

Government has also started the implementation of the National Home-grown School Feeding programme designed to feed 5.5 million school children for 200 school days in the first phase of the programme. Although the initial design was to feed pupils in 18 States, funding challenges had affected an earlier take-off. But the programme has now commenced in Osun, Kaduna and Anambra States. More states are expected to join this new year.

In the new year, it is the plan of the Federal Government to scale up the implementation of the SIP to touch the lives of millions of Nigerians in fulfillment of it’s promises and in furtherance of its Change agenda.

11 Comments

  1. Jess

    January 3, 2017 at 8:54 am

    This is the dumbest idea implemented by any government. Not only will it open doors for corruption, it will do completely nothing in alienating poverty. This money would have been put into better use by renovating and rehabilitating 2 government schools in each state every month. Clueless government.

    • EE

      January 3, 2017 at 1:45 pm

      Ever heard of a dude name of Lula? The former President of Brazil, before he was known for Dilma and likely being corrupt, he was lauded for a period of economic expansion in Brazil which saw 20million people lifted from poverty. How? High commodity prices helped, but Nigeria also had high commodity prices, 20m people aren’t out of poverty.

      The program given much of the credit goes by the name “Bolsa Familia”, it, like, our program gave a monthly stipend to Brazil’s poorest families.

      Will it open the door of corruption? I think we crossed that bridge a long time ago. This isn’t their dumbest idea and if implemented correctly could do tremendous good to the most needy in our society. For the very poorest, the difference between health and starvation can often be counted in fine margins. This will be of great help. Hopefully they’re smart about it, use it to encourage immunization, education e.t.c, may payments electronically and keep it away from the men in the family.

      Since this is clearly a Bolsa Familia rip-off and the World Bank’s involved, hopefully it isn’t a total cock-up. Its 2017, a little optimism won’t hurt.

  2. Benson Ossai

    January 3, 2017 at 9:41 am

    Hope it works.I pray it works.What will stimulate the economy,crash the prices of goods and services is what bothers me.I also want the standard of life of Nigerians improved this year.Whatever methods the government is goona employ to pull us out of recession and make Nigeria better, pls let them do.Prices of goods have gone high.Fireman generator i bought early last year for 27k is now 48k almost everything has triple.I wish for a rosy and better Nigeria and i also wish for prices of goods and services to crash before we finished the first quarter of 2017.I wish the government good luck with their policies.

  3. mimi

    January 3, 2017 at 9:54 am

    Absolutely ridiculous….

  4. oks

    January 3, 2017 at 10:04 am

    Wow!! what an achievement. At N600/1£ that comes to about £78+ or $10 as monthly stipend. in a country where everything including pick is imported. What a moronic idea!!!

  5. TeeW

    January 3, 2017 at 10:52 am

    ??? this picture is so funny, he’s finally releasing something alright ?. Just because these people were going to fight and kill a lot of people if he didn’t win. Goodluck would have still been president and we won’t be dealing with this kind of stupidity.

    • TY

      January 3, 2017 at 11:28 am

      We all know that if Goodluck had won we would be eating from dustbins by now

  6. May

    January 3, 2017 at 11:05 am

    Good luck is no saviour, while I don’t agree with Buhari on so many things, I wouldn’t still go for Goodluck with the level of corruption bèen exposed recently . We can look for the younger generation that can positively make a change

    • Na me

      January 3, 2017 at 6:41 pm

      Sadly, corruption is at its peak now. Forget all these smesme. They are just trying to show their relevance.

  7. Engoz

    January 3, 2017 at 5:30 pm

    Nigerians have tried, any monies Nigerians can get from the thieving government is fine by me. Nevertheless, I fear we may create a welfare state whereby people will prefer to collect stipends from the government rather than work, like we see in the UK. So there should be a timeline for these projects. How long will they last? Will another government come in and scatter the project in the long run? Besides, where are these funds coming from? Will the government begin to tax Nigerians who are neither the vulnerable poor or wealthy rich to continue this project? What incentives of change does the government have for people caught between these two extremes?

  8. nnenne

    January 4, 2017 at 4:33 am

    .. And after this, Buhari and Co would ask for billions of dollars as loans from foreign banks.
    I don’t get the way business is done in Nigeria.

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