Home Business FG Launches Renewed Hope Conditional Cash Transfer for 15Million Households

FG Launches Renewed Hope Conditional Cash Transfer for 15Million Households

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As part of efforts to secure decent work and social protection for Nigerians, the Federal government has launched the Renewed Hope Conditional Cash transfer scheme for fifteen 15 million households across the country.

President Bola Tinubu who was represented by the Secretary to the Government of the federation, Senator George Akume at the launch of the scheme held at the Presidential Villa, Abuja, assured Nigerians of the administration’s commitment to restructure the humanitarian affairs and poverty alleviation ministry with a 7-Year roadmap.

This move, Tinubu said would tackle food security, end hunger, eradicate poverty, drive economic growth and create more jobs.

The President who pledged investment of 75 billion naira to support small and medium enterprises and startups said his government will lead from the front in seeking to ensure that all Nigerians have decent opportunities for dignified work and sustained social protection.

“Today, my administration is launching the Renewed Hope Conditional Cash Transfer Program for vulnerable groups as an immediate intervention to cushion the effects of fuel subsidy removal and other economic shocks.

“Our plans for food security, ending hunger, poverty eradication, economic growth and job creation are all means by which we shall fight poverty and help the most vulnerable members of our society”.

“It is only via a sustained collaborative approach that we can win this war against poverty in Nigeria and the world at large”, President Tinubu said.

Urging Nigerians to key into any of the programmes, President Tinubu reiterated the commitment of his administration to
lift millions of Nigerians out of poverty.

Other interventions already in the pipeline to assist Nigerians, according to Mr. President include: * Investment of N100 Billion to purchase 3000 units of 20-seater Compressed Natural Gas (CNG) powered buses for cheaper transportation;

  • The distribution of 225,000 metric tons of fertilizer and seedlings to farmers committed to the nation’s food security;
  • Renewed Hope Business Grants & Loans for Vulnerable Market women, farmers, and traders to expand their business (GEEP) targeted at 2 million beneficiaries;
  • Renewed Hope support to MSME to cover 1 million MSMEs;

*The Renewed Hope Alternate School Programme to provide transit learning education for 10 million out of school children who are oUt of school following
internal displacement or issues of insecurity;
*And Renewed Hope Job Creation Scheme, amongst others.

On her part, the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu reiterated the resolve of President Tinubu to pull Nigerians out of poverty while mitigating humanitarian crises across Nigeria.

She said the conditional cash transfer of seventy five thousand (75,000) naira will reach about 61 million Nigerians.

Also speaking, the Minister of Finance and Coordinating minister of the economy, Wale Edun said President Tinubu is committed to aggressively alleviate poverty through many economic empowerment initiatives.

World Bank Country Director in Nigeria, Shubham Chaudhuri said they are happy to provide finance for the various measures of President Tinubu’s poverty alleviation efforts to help support in cushioning the effect of fuel subsidy removal on Nigerians.

Among the first set of beneficiaries are: Larai Suleiman, Shuaibu Hassana, Sariki Bala Gamu, Okor Jonah and Hamee

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