N5,000 cash transfer program: The federal government is giving the low-income earners the money under the Rapid Response Register (RRR) and beneficiaries will receive the stipend for six months through the N5,000 cash transfer program
The target beneficiaries are “self-employed”, “wage employed” and “urban poor.”
The ministry of humanitarian affairs, using “cutting-edge” technology, had undertaken a pilot scheme where over 100,000 beneficiaries in Lagos and the federal capital territory (FCT) were captured.
Over 300,000 beneficiaries are said to have received the aforementioned sum the moment the scheme was launched.
Speaking at the virtual flag-off of the RRR in Abuja on Tuesday, Osinbajo said this set of vulnerable people were not captured in the National Social Register (NSR).
“This category of people, who were not previously captured in the social register, the Ministry of Humanitarian Affairs, working with the National Social Safety-Nets Programme (NASSP), designed an intervention to rapidly identify, register, and provide them with succor. Hence, the Rapid Response Register (RRR) was born,” the vice-president said.
The Programme will be carried out, monitored, and executed by National Cash Transfer Office ( NCTO)
Activities Of NCTO
NCTO carries out a number of activities in the communities, including cash transfers, sensitization, capacity building and grievance redress
Benefits of The N5,000 cash transfer Project
- The monetary benefit of N5,000.00/20,000.00 per month per household and a top-up upon fulfillment of certain conditions.
- Capacity building to empower beneficiaries on life skills entrepreneurial technical skills, financial inclusion, and encouraging the formation of savings groups
- Coaching and mentoring support to improve beneficiaries’ economic status and boost their income
How to Register for the N5,000 cash transfer Project (NCTP) 2021
For more information about the N5,000 cash transfer project and how to apply for the program visit https://ncto.gov.ng/