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Government releases $30 billion to address poverty

05 September 2013, 16:42

Lagos - Government has released N5 billion (US$30 million) to address poverty and deprivation among local women.

Initially, more than 56 000 women will benefit from the funds, which will be distributed under the auspices of the Conditional Cash Transfer (CTC) scheme.

The beneficiaries were drawn from 24 states of the federation.

The recipients will be entitled to a monthly stipend of N5 000 for a period of one year, after which they would be given a grant of N100 000 each.

The sum of N100 000 to each beneficiary is to invest in agriculture and to finance the education of their children or to look after their health needs.

Through such initiatives, the Federal Government has a target of rescuing about 224 000 children from dropping out of school.

Dr Precious Gbeneol, the Senior Special Assistant to President Goodluck on Millennium Development Goals (MDGs), Dr Precious Gbeneol, said the CTC initiative highlighted commitments by the administration to tackle poverty and empower women.

“Poverty in Nigeria is multi-dimensional and it has to be tackled from all fronts. That is why the Federal Government is engaging in inter-governmental collaboration,” she added.

Gbeneol said government would take the biometric details of the beneficiaries saying this would dismantle the barriers of delay and curb malpractices in the disbursement of funds.

“This (biometric) programme is no longer coming from Abuja because of delay and sharp practices. Now, every state will compile the list of the beneficiaries because all the states knew where the poor people live,” said the official.

– CAJ News


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