alexa Nigeria starts paying Sh1,600 stipend to poor people - Daily Nation

Nigeria starts paying Sh1,600 stipend to poor people

Wednesday January 4 2017

Muhammadu Buhari

Nigerian President Muhammadu Buhari. He says he will be away for four days. PHOTO | AFP 

NATION CORRESPONDENT
By NATION CORRESPONDENT
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ABUJA

One million poor and vulnerable Nigerians have started receiving a monthly stipend of $16.4 (Sh1,600) expected to cushion them economically.

The social security programme, called the Conditional Cash Transfer, is part of the governing party’s election campaign pledge to create a safety net for the poorest Nigerians. 

The government says payments started last week in nine of 36 states. 

The initiative also includes payment of a $98.4 (Sh9,800) stipend to graduates employed under the N-Power programme and disbursement of $3,400 (Sh343,000) as soft loans on the platform of a micro credit scheme.

Beneficiaries of the Conditional Cash Transfer are picked from the Social Register, initially developed by eight states with help from the World Bank.

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Earlier, concerns were raised about the criteria for choosing beneficiaries.

Nigeria is struggling with an economic recession, making it hard for several families to cope financially.