President Bola Tinubu has announced plans to restart the conditional cash transfer program, which was previously suspended.
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, made this announcement during a ministerial sectoral briefing marking the first year of President Tinubu’s administration in Abuja.
Edun stated that the program will deliver direct payments to 75 million Nigerians and 50 million households, focusing on the most vulnerable populations.
On January 12, Tinubu suspended all programs managed by the National Social Investment Programme Agency (NSIPA) for six weeks to investigate alleged malfeasance in the agency’s management. Additionally, on January 8, he suspended Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, whose ministry oversees NSIPA.
The suspended programs included N-Power, the conditional cash transfer scheme, the government enterprise and empowerment program, and the home-grown school feeding initiative.
To revitalize the program, Tinubu approved the formation of a Special Presidential Panel, headed by Edun, to conduct a thorough review and audit of the social investment programs’ financial frameworks and policy guidelines.
Updating on the committee’s progress, Edun noted that the government had decided to restart the program to provide relief to poor Nigerians.
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