World Bank Begins $800m Cash Transfer To Nigerians

The World Bank is about to begin an $800m Conditional Cash Transfer programme in Nigeria.

Nigeria Governors’ Forum revealed the development in a communique after the 36th teleconference meeting.

According to the communique, the World Bank Country Director, Shubham Chaudhuri announced the development to the governors on behalf of the institution.

At the official exchange rate, the amount translates to N329.53bn.

It said, “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.”

Nigeria’s Conditional Cash Transfer Programme is administered by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.

The communique 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.”

The Humanitarian Affairs Ministry had said that under the Federal Government CCT programme, N58bn was disbursed in two months alone.

The Ministry also revealed that 1.9 million poor and vulnerable households have been captured in the CCT register.

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11 Comments
  1. Ndifreke Sunday William says

    I Ndifreke Sunday is so interested in getting empowerment from world Bank to start my company vision, thanks in anticipation
    I really to hear from you soonest

  2. Nosike says

    Will World Bank monitor the disbursement??? APC Fulani govt have crippled the populace with debts and will loot this one also to join the looted and re-looted funds. Help Nigerians

  3. Gafar Anifowoshe jelili says

    I gafar jelili interested in the empowerment to start my small scale business….looking forward for your response. Thanks

  4. Jerome Eigbe says

    Mama minister 5,000 naira for your dogs ok, Nigerians have been turned to beggars in the land flowing with milk and honey, what poverty can that alliviate. Not even enough for a pot of soup for a family of four, while a bag of rice is selling for 25 thousand, it is well o, God de o.

  5. Ola Stephen Akin says

    I Ola Akin also interested in the empowerment to start a business on my own ….I will be looking forward your response.thanks and God bless Nigeria & the world Bank

  6. Adi Emmanuel Akwe says

    God bless you good health care provider development to Nigeria thank you very much

  7. Nnaemeka Evulobi says

    please is it a real grant? How can one apply for it?

  8. Matthew says

    This is evident that the world Bank has found the cash transfer project of Federal Government worth supporting.

  9. Ahmed T.Ndawoyo says

    This is a very appreciative programme and at the right time.
    On the other hand ,proper monitoring and evaluation of the process of disbursement of the cash should be put in place if success is to be the target.

  10. Jesus Ben says

    This is great and a welcomed development it sure will go a long way to helping Nigerians and eradicating poverty in Nigeria . this is wonderful ,am in thanks

  11. George Erefagha says

    Truly the Conditional Cash Transfer Programme is helping the poor and vulnerable house on in some area in bayelsa state they should try and pay up the remaining LGA and ward they are suppose to pay. ENUMERATOR FROM NEMBE GEORGE EREFAGHA