No fewer than One million Nigerians are to benefit from the Federal Government’s COVID-19 Cash Transfer Project which aims to lift the urban poor affected by the pandemic out of poverty.
The Vice President, Prof. Yemi Osinbajo, said this on Tuesday in Abuja while inaugurating the COVID-19 Rapid Response Registration (RRR) Cash Transfer Project.
According to him, the project is a national initiative to build a shock responsive framework for capturing and registering the urban poor and vulnerable populations across Nigeria.
Osinbajo said that the new register complements the already existing platforms under the World Bank supported National Social Safety nets Project (NASSP).
“As of Dec. 31, 2020, we have identified and registered about 24.3 million poor and vulnerable individuals into the National Social Register; equivalent to about 5.7 million households.
“Through this project, we are currently injecting about N10billion directly into the hands of about two million poor and vulnerable households every month.”
According to him, the initiative is about the largest evidence-based effort by any administration on poverty reduction and its impact on the lives of the poor is huge.
“This is by way of improving the livelihoods of the beneficiaries through enhanced household purchasing power, smoothening consumption, increasing savings and acquisition of household assets and improving the local economy.
Osinbajo said that the RRR was designed to focus mainly on the urban poor wards selected using scientifically validated methods of satellite remote sensing technology, machine learning algorithm and big data analysis.
“This social protection method of targeting is the first strategy to be developed and tested in the Sub-Saharan Africa region and Nigeria will be the first country for its implementation.
“With the RRR, which uses a wholly technology-based approach, we are primed to achieve an end-to-end digital foot-print in cash transfers for the urban poor.
“Which also helps us achieve our financial inclusion policy under the Enhancing Financial Innovation and Access programme (EFInA).”
News Agency of Nigeria (NAN) reports that the first set of 3,115 beneficiaries have already received N5,000 each cash transfer and the programme will continue until it reaches the one million target.
The cash transfers will be received by the beneficiaries for six months.
Also at the event, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, said that the RRR would provide the gateway to many social development initiatives.
“This is because it uses innovative advancements in technology, in combination with ground-truthing processes, to generate an early response system.
“By design, the register also links to other databases such as banking information of respondents and national identity numbers.

As they benefitted the last time abi?

This is similar to CCT of NSIP, the ministry of humanitarian is spare heading this, since it is a part of ESP, the VP has to declare it open.... OVP should ensure there is strict efficient supervision of the whole of ESP schemes so that the people targeted from the get go, get them. This is the only way govt impact will be felt on the people positively

This is by way of improving the livelihoods of the beneficiaries through enhanced household .

This is a great development

Indeed a welcoming development, and I'm very sure Nigerian will benefit more from this administration

The administration is doing everything possible to make life better

For a six months projected business, the target of a million Nigerians is a great development.

A very duplicitous and deceitful administration.
Lifting people out of poverty is not done by talking from both sides of the mouth with changing parameters and metrics at every short intervals.
You will not lift anyone out of poverty by doling out 5k or 10k or 20k, only idio...ts and simpletons will think otherwise.


With all due respect, Yemi Osinbajo, you are a bloody bastar...d and charlatan, you and Buhari are incompetent twerps!

Thunder1010:
The administration is doing everything possible to make life better

Continue deceiving yourself!

Vice president u can lie for Africa nawa ooo if u are an experienced teacher and reside around ayobo, bada Lagos contact me. Requirement waec, OND and NCE

This is a great development

Osinbajo said that the RRR was designed to focus mainly on the urban poor wards selected using scientifically validated methods of satellite remote sensing technology, machine learning algorithm and big data analysis.

The PYB fan boys will come out swooning now from the beautiful nonsense but won’t ask themselves why the FG didn’t use all this technology for NIN registration.

When they want to scam you; first they confuse you!