Minister says giving ₦25k to poor Nigerians for 3 months will reduce poverty. The minister, Betta Edu, believes that the new program called the Renewed Hope Conditional Cash Transfer (CCT) will help poor and vulnerable people in our society. She thinks it’s an important tool in the global fight against poverty.
The CCT is part of the government’s efforts to help people cope with the rising fuel prices. It will give money to those in need, which will make their lives better. The program was launched with a ceremony where they handed out checks to some families.
The President, Tinubu, announced this program on Independence Day. He said that 15 million households will receive ₦25,000 each month for three months to reduce poverty.
To get the money, people might need to do things like sending their kids to school. Or going to the doctor regularly.
The minister explained that giving ₦25,000 to each person will help them have more money to spend and improve their lives. They also plan to start a ₦30,000 loan scheme for small traders to help the economy.
Chaudhuri, another official, said the CCT is one of the things the President promised to do to help people when fuel prices went up. He wants the government to make sure the money goes to the people who need it the most.
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