Cash Transfer: 15m pensioners to receive N25,000 monthly

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Abuja, Oct. 5, 2023 – About 15 million pensioners are to receive N25, 200 monthly from next month under the conventional cash transfer scheme of the federal government.

The likely beneficiaries are members of the Nigeria Union of Pensioners captured in the expanded National Social Register of the Conditional Cash Transfer (CCT) Scheme.

Dr Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, said this when she paid a visit to the office the Nigerian Labour Congress (NLC) in Abuja.

She said the inclusion of pensioners in the scheme showed President Tinubu’s commitment to deliver on the mandate of reducing poverty in Nigeria.

“The President mentioned very clearly that vulnerable pensioners should be immediately captured on the National social Register and benefit from the Conditional Cash Transfer, as part of the national social safety net expansion and this was made clear in his speech on Independence Day where he committed N25,000 for 15million household for three months.”

Edu appealed to the NLC to help in collating the required data on beneficiaries so that they could start benefiting from the scheme.

Comrade Ajaero, the NLC President, said the union was delighted by the various poverty alleviation schemes rolled out by the ministry.

He advised the government to get the root causes of poverty to address the problem.

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