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Osinbajo flags off N5,000 cash transfer to low-income earners

FG to give poor Nigerians N5000 monthly for 6 month : How to Apply the N5,000 cash transfer

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

 

Read Also, Covid-19 Relief Fund: FG to give 1m households N5000 monthly Cash Transfer for 6 months

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/

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Olowu Idowu Henry

Olowu Idowu Henry is a Young businessman, aims to build a purposeful team to solve the problem of unemployment in Africa. He Won the Presidential award on the business plan competition Youth Empowerment with innovation ( YouWin ) in Nigeria in 2012 at the Presidential Banquet hall, By then Former President of Nigeria, His Excellency, President Goodluck Jonathan. Henry is also the founder and President, Apex land Global Consult, Founder/National President, Liberty Youth Council of Nigeria ( www.lycn.org.ng) Henry is a Blogger, an Innovator, Humanitarian, Politician, and Freedom Fighter. He was the former House of Assembly contestant in Nigeria, Currently, He is the Media Assistance to The Vice Chairman, senate committee on land transport at the Nigeria National Assembly Senator Nicholas Tofowomo. Meet Henry on : Facebook: Olowu Idowu Henry (https://web.facebook.com/profile.php?id=100012321033404) WhatsApp +2347064984472

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