The programme is a part of the scheme under the ‘Social Investment Programmes’ of the government of Muhammadu Buhari.
According to this initiative, one million extremely poor Nigeria would receive 5000 Naira monthly in 2016.
Laolu Akande, the special assistant to the vice president Yemi Osinbajo, clarified that for the Conditional Cash Transfer the money would be paid directly to the recipients through a payment system that was being worked out.
Osinbajo’s aide said World Bank and the Bill Gates Foundation were also cooperating with the federal government to develop an efficient payment system.
“All together, about 60 billion Naira has been estimated to be paid out to extremely poor Nigerians”, Akande said in a statement.
In a related development, Governor Fayose of the Ekiti state recently announced the beginning of the implementation of its social welfare scheme for the needy, aged and unemployed.
During the presidential campaign Buhari and his All Progressives Congress vowed to pay 5000 naira a month to the unemployed and the poorest youths in the country.