The Lagos State Government has said poor and vulnerable beneficiaries of the Conditional Cash Transfer will now be paid through the online system of digital accounts from their banks.
The Commissioner for Wealth Creation and Employment, Mrs. Yetunde Arobieke, made this known on Thursday during the distribution of ATM debit cards and activation pins to the beneficiaries in Agege.
She said, “I am elated that the beneficiaries of CCT in Lagos State have received the bi-monthly cash stipends from this programme.
“The programme is commencing full digitisation of its payment processes. This digitised method will use an online system of digital accounts (Nigeria Uniform Bank Account Numbers) opened by licensed payment service providers such as commercial banks, microfinance banks, payment service banks and mobile money operators. This arrangement has become necessary to ensure and further enhance transparency, accountability and integrity in the delivering of programme benefits to beneficiaries.”
Arobieke added that the CCT was an initiative developed by the Federal Government and the World Bank.
“The Federal Government of Nigeria in partnership with the World Bank established a National Social Safety Nets Project which have played a pivotal role to help end extreme poverty and promote shared prosperity with a view to ameliorating the lives of the citizenry through the provision of access to targeted transfers to poor and vulnerable households,” she said.
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