Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, has described the Conditional Cash Transfer (CCT) as one of the key instruments for fighting poverty globally.
Edu said that the CCT was part of efforts by the Tinubu-led administration to alleviate the immediate effect of the removal of subsidy on Premium Motor Spirit , known as petrol.
The CCT programme was announced by Tinubu during the Independence Day speech, where he said that 15 million households would each be given N25,000 for three consecutive months to alleviate the poverty level. She also said that the N30,000 Iyaloja loan scheme would soon be started for small-scale traders in the country as part of economic revitalisation and empowerment.
The World Bank Country Representative, Mr Shubham Chaudhuri, said that the institution was ready to support Nigeria in taking the bold economic measure of diverting funds from the shackles of fuel subsidy.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JUST IN: Tinubu Launches Conditional Cash Transfer For 15 Million HouseholdsThe 15 million households, according to the humanitarian affairs minister, represents 62 million Nigerians.
Read more »
Israel: No humanitarian ceasefire or border opening agreed so far — ArmyA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Read more »
Biden to visit Israel as Gaza war deepens humanitarian crisisThe Nation Newspaper Biden to visit Israel as Gaza war deepens humanitarian crisis
Read more »
Biden to visit Israel as Gaza war deepens humanitarian crisisUS President Biden is scheduled to visit Israel on Wednesday amid the raging war between Israel and Hamas.
Read more »
Biden to visit Israel as Gaza war deepens humanitarian crisisU.S. President Joe Biden has promised make a high-stakes visit to Israel on Wednesday to show support for its war on Hamas.
Read more »
UN aid chief heads for Middle East to help Gaza humanitarian talksThe United Nations aid chief Martin Griffiths on Monday said he would be travelling to the Middle East to support negotiations on getting humanitarian services into the blockaded Gaza Strip.
Read more »