Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, has described the Conditional Cash Transfer (CCT) as one of the key instruments for fighting poverty globally.
Edu said that the Conditional Cash Transfer was part of efforts by the Tinubu-led administration to alleviate the immediate effect of the removal of subsidy on Premium Motor Spirit (PMS), known as petrol.
She said that the new initiative would empower the poorest and most vulnerable members of society, adding that the sum was a source of uplifting the majority of beneficiaries.
Vanguard reported that the Conditional Cash Transfer was announced by Tinubu during the Independence Day speech, where he said that fifteen million households would each be given twenty-five thousand naira for three consecutive months to alleviate the poverty level.
It was gathered that the Conditional Cash Transfer entails transfers given to beneficiaries based on specific actions, such as sending children to school or making regular health visits.