Home NEWS One Million Households To Receive ₦5,000 From Federal Government

One Million Households To Receive ₦5,000 From Federal Government


Following the successful activation of the Economic Sustainability Plan’s (ESP) Cash Transfer scheme aimed at delivering financial support to at least 1 million urban-based households using technology, the Buhari administration’s vision of reducing extreme poverty by lifting at least 20 million Nigerians out of poverty in the next two years is now within reach, according to Vice President Yemi Osinbajo.

Mr Osinbajo stated this Tuesday in Abuja while flagging-off, virtually, the cash transfer scheme to be facilitated through a wholly technology-based approach called the Rapid Response Register (RRR).

Vice President Osinbajo says Nigeria deserves social security scheme not just for poverty alleviation, but wealth creation also.

RRR is the method through which city terrible and prone populace may be briskly diagnosed the usage of geographic satellite tv for pc generation and different associated method for the functions of handing over coins to families tormented by the fallouts of the COVID-19 pandemic withinside the country.

In a statement by the VP “the groundbreaking success of the RRR now emboldens us to achieve our aspiration of a social security programme for a minimum of twenty million Nigerians in the next two years. This will be the largest of its kind on the continent. This (aspiration) is, at least from the perspective of this tested approach, now well within our reach.”

“The only constraint, of course, is the funding which we must look for because, this country deserves a social security scheme that will not merely alleviate poverty but also create wealth for the millions of those who are waiting for this opportunity.

“Our government launched the National Social Protection Policy (NSPP) in 2017 to provide the framework for institutionalizing the work we started since 2016 on reducing extreme poverty in Nigeria, based on our administration’s vision to create a comprehensive social security programme for the poor and vulnerable and thereafter the pledge to lift 100 million Nigerians out of poverty in ten years.”

The Vice President maintained that the release of the (RRR) social safety approach of targeting, that’s the primary approach to be evolved and examined withinside the Sub-Saharan Africa region, could allow Nigeria address poverty in a greater systematic manner, leveraging generation to extend the scope of the interventions.



Please enter your comment!
Please enter your name here