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In a massive move to alleviate poverty and transform lives, the Federal Government has released a staggering N24.78 billion in conditional cash transfers to 991,261 households across Nigeria’s 36 states and the Federal Capital Territory.

Associate Professor Badamasi Lawal, National Coordinator of the National Social Investment Programme Agency (NSIPA), made the announcement, revealing that each beneficiary received N25,000 through their respective Financial Service Providers.

This latest disbursement is part of President Bola Ahmed Tinubu’s Renewed Hope Agenda, aimed at uplifting vulnerable Nigerians. The program has already made significant impact, with previous disbursements in August and September totaling N3.825 billion and N20.955 billion, respectively.

The Renewed Hope Conditional Cash Transfer (RH-CCT) program promises a lifeline to disadvantaged populations, offering:

Economic empowerment through immediate poverty reduction and improved household finances
Enhanced access to health and nutritional services
Stronger interpersonal relationships and family happiness

By injecting billions into the economy, the FG is sending a powerful message: hope is on the horizon for Nigeria’s most vulnerable citizens.

Will this massive cash transfer spark a new era of economic growth and social transformation? Only time will tell, but for now, nearly a million households are breathing a sigh of relief.

ABUJA BUSINESS REPORTS NEWSPAPER & MAGAZINE