The Presidency have concluded plans to kick start Nigeria’s first social security program as part of an anti-poverty battle plan that will involve monthly payments known as conditional cash transfers (CCT) to 25m extremely poor households the Vice president, Yemi Osinbajo has revealed
This plan will officially be announced in the coming days as one of the ways to mark Buhari’s 100 days in office and will very likely commence by January
The plan also includes providing free meals to primary school children but the CCT comes with an obligation, the recipients must in return participate in in polio vaccination, school enrollment and support other government programs
According to him, the government has already put in place a bailout package for workers being owed salaries in order to reflate the economy. Professor Osinbajo also identified CCT as another avenue for alleviating poverty, adding that the program was intended to support the 25 million poorest households and to help push vaccination, education and production.Pointing out the benefits of the scheme, he said the multiplier effects of the introduction of the program would include lifting millions out of poverty, putting millions into rural production and boosting rural economies. Already, President Muhammadu Buhari expressed his commitment to boosting national productivity by ending incessant strikes by workers in vital sectors of the economy
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