A total of $800m (N329.53bn) has been rolled out by the World Bank as facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria.
This is according to the Nigeria Governors’ Forum in its 36th teleconference meeting communique released on Thursday.
According to the communiqué signed by the NGF Chairman, Kayode Fayemi, the fund was made availableby the World Bank Country Director, Shubham Chaudhuri.
The communique read in part, “Forum members also listened to the World Bank Country Director, Shubham Chaudhuri, on the rollout of a World Bank financed $800m facility designed to fund a large-scale Conditional Cash Transfer programme across the country.
“The forum thereafter resolved that each state governor will establish and chair a steering committee to oversee the Conditional Cash Transfer initiative to ensure that the programme aligns with the vision of the state government.”
The Federal Government supports indigent Nigerians by giving them cash through the CCT programme, which is managed by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.
The NGF further stated that it received a presentation from the humanitarian ministry on the cash transfer programmes of government.
It said, “On the National Social Register and the Rapid Response Register as critical tools for rolling out cash transfer programmes, members received a presentation from the National Coordinator of the National Social Safety Nets Coordinating Office, Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, Mr. Iorwa Apera.”
Millions of Nigerians, according to officials of the humanitarian ministry, have received cash transfers from the Federal Government through the CCT programme.
