FG Revamps Fraud-plagued Cash Transfer Programme for Immediate Resumption

The Federal Government has revamped its cash transfer programme to combat fraud, with immediate implementation of direct payments.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in an interview on channels television.

He explained that the adjustment aims to uphold the President’s commitment to supporting vulnerable groups amid rising food prices, promising direct transfers of N75,000 to 15 million households over three months.

According to him, but I think the important thing to point out at this time is that the focus Mr. President, is on keeping his promise, particularly to the poor and vulnerable, as food prices elevate, and the purchasing power is limited.

“And that is what Mr President is speaking to directly through the intervention of direct payments of N75,000 each, over three months, that is N25,000 a month to 15 million households. And each household is about five people. So that effectively provides funding for 75 million people.”

Enhanced verification through National Identification Number (NIN), Bank Verification Number (BVN) or access to mobile money account is part of the strategy to ensure integrity and reach the intended beneficiaries.

This overhaul follows suspensions and investigations into alleged misappropriations within the program.