BUHARI CLAIMS 8 MILLION NIGERIANS, 1.6 MILLION HOUSEHOLD ARE BENEFITTING FROM N300BN CASH TRANSFER

At the opening ceremony of the 14th Annual Banking and Finance Conference of Chartered Institute of Bankers of Nigeria, President Muhammadu Buhari has said 1.6 million households and eight million Nigerians are benefitting from the Conditional Cash Transfers of his administration.

Buhari said the ongoing struggles to reduce poverty in Nigeria has continued to grow, with 1.6 million poor and vulnerable households, comprising more than 8 million individuals currently benefiting from the Conditional Cash Transfer program. He also claimed N300 billion has been disbursed to farmers across the country.

The President said the National Social Register of poor and vulnerable Nigerians had 32.6 million persons from 7 million poor and vulnerable households identified, imploring bankers to play a stronger role in improving livelihoods.

“From this number, 1.6 million poor and vulnerable households, comprising more than 8 million individuals are currently benefiting from the Conditional Cash Transfer program, which pays a bi-monthly stipend of N10, 000 per household.’’ He said