“Two million people to start receiving N20bn monthly from June” – FG

The Federal Government has revealed its plans for ten million people to be paid N5,000 each under the basic cash transfer and an additional N5,000 under the conditional cash transfer under the National Cash Transfer Programme in June 2022, totalling about 20 billion naira.

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, shared that the number of people who will benefit from this scheme would increase further in June.

“By June 2022 we would be paying two million people N5,000 basic cash transfer and an additional N5,000 on conditional cash transfers, which is conditioned on good health-seeking/behaviour, school retention, and good water and hygiene conditions in their environment/homes.

To date, of this one million targeted by the government, we have been able to pay the sum of N5000 to 850,000 beneficiaries digitally through the Nigeria Inter-bank Settlement System, where each account is carefully validated,” the Minister said.