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FG Launches Cash Transfers with BVN for 15m Households

Comms Week22 Oct 20230 Comments
FG Launches Cash Transfers with BVN for 15m Households
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Some Nigerians who are expected to benefit from a government cash assistance scheme aimed at cushioning the efforts of fuel subsidy removal in the country, have already had their identity verified by…

Some Nigerians who are expected to benefit from a government cash assistance scheme aimed at cushioning the efforts of fuel subsidy removal in the country, have already had their identity verified by the competent authorities overseeing the program.

FG Launches Cash Transfers with BVN for 15m Households

The new program, announced on World Poverty Eradication Day, is based on the biometric Bank Verification Number (BVN).

George Akume, secretary to the Government of the Federation, officially launched the first phase of the program dubbed “conditional cash transfer program” last week week in Abuja on behalf of President Bola Ahmed Tinubu.

For the past three weeks, the ID verification process has been ongoing and beneficiaries enlisted on the national social register have had their biometrics and national identification numbers (NIN) verified, according to the Cable.

Betta Edu, humanitarian affairs minister, said that the first phase of the payment has already begun for registered beneficiaries who have had their identity credentials identified in all the 36 states of the country.

While the ID verification will continue for those already registered, the process will be extended to other groups of vulnerable persons such as pension earners, veterans, and widows of fallen soldiers, said Edu.

The federal government said that the cash transfer program, which targets at least 15 million people, is part of efforts to reduce the effects of the fuel subsidy removal policy on the most vulnerable sections of the Nigerian population.

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