FG Payment Of 5,000 Naira Registration Portal and Procedure For Unemployed Youths: The President Muhammadu Buhari administration says it has now started the payment of 5,000 Naira monthly stipends to the poorest and the most vulnerable in Nigeria.
Method to be used for the payment of 5,000 Naira monthly stipends has not been officially released but currently they are using community based targeting (CBT) to pay.
“Though the sequence for the payment of the money would be operationally managed by NIBSS, beneficiaries in Borno, Kwara and Bauchi States have started receiving the money. The other states in the first batch to commence the CCT payments are Cross Rivers, Niger, Kogi, Oyo, Ogun & Ekiti States,” the statement read.
Nine Pilot States
The Vice President said that the nine pilot states were chosen because they had an existing Social Register that successfully identified the most vulnerable and poorest Nigerians through a tried and tested community based targeting (CBT) method working with the World Bank.
He, however, pointed out that other states had already begun developing their Social Registers and would be included in subsequent phases of the CCT implementation.
He said: “Beneficiaries of the Conditional Cash Transfer of the Federal Government would be mined from the Social Register, initially developed by eight States through a direct engagement with the World Bank. Those states are featured in the first batch, with the added inclusion of Borno States where a validated list of IDPs were compiled in addition to the Social Register which is expected to go round the country.
“Working with the World Bank, the CBT process has now been adopted for developing the Social Register in the other States around the country, for transparency, objectivity and credibility in the selection of the poorest and most vulnerable beneficiaries for the programme.
The Vice President also stated that the N-Power Volunteer Corps designed to hire half a million unemployed graduates which has now engaged 200,000, and the National Homegrown School Feeding Programme now running in three states, the Buhari administration has also kicked-off the Government Enterprise and Empowerment Programme (GEEP).
According to him, under GEEP, soft loans ranging from 10,000 Naira to 100,000 Naira have been designed for artisans, traders, market women among others.