99.9% poor households yet to get cash transfer from FG, says World Bank

99.9% of   poor and vulnerable Nigerian households that are targeted for the monthly N25, 000 cash handout, have yet to get it.

This is according to a report by Times which was also published by The PUNCH. Times reports that data from the World Bank’s lead Economist for Nigeria, Alex Sienaert, was presented last week in Abuja.

The Conditional Cash Transfer Programme, an initiative of the President Bola Tinubu enjoys a funding support of $800 million from the World Bank.

The programme is intended to assist 15 million Nigerian poor households but anticipated to reach 5 million households by the end of December.  Sienaert said only 1.5 million households had received the money .

He said: “Merely 0.1% of the anticipated families have received payment, as only 1.5 million of the targeted 15 million households have been paid for.”