Gwamcee News
In a significant milestone for the Federal Government’s social intervention programs, the Cash Transfer Scheme has reached a major milestone of approximately one million households benefiting from the initiative since its relaunch.
The Minister of Finance, Wale Edun, disclosed this information during a World Press Conference on Wednesday in Abuja.
He noted that around 300,000 payments were made in the past week, with about 5 million individuals benefiting from the scheme to date.
“There are times when what is planned and the timetable that is planned sometimes slip, but the answer is not to now throw out the effort. The answer is not to stop. The answer is to keep going and trying.
“That was the case with the direct payment for 15 million households covering 75 million people. At first, it didn’t quite go according to plan so there was a pause and now under a much better and technologically strong configuration, payments to individuals have started going out again.
“Since it was restarted, one million households covering 5 million people, have received the benefits and in the last week alone, 300,000 payments went out,” Edun said.
In addition, the Minister mentioned the scaling up of payments through technologically aided processes under the new disbursement system.
“So under the new system, we can expect a scaling up of the payment that Mr. President committed to giving to the poorest and the most vulnerable to help them,” Edun said.
