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    MarketForces Africa » MarketForces News » 81,000 Residents to Benefit from FG’s Cash Transfer in Ondo

    81,000 Residents to Benefit from FG’s Cash Transfer in Ondo

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJune 5, 2024Updated:June 5, 2024 News No Comments2 Mins Read
    81,000 Residents to Benefit from FG’s Cash Transfer in Ondo
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    81,000 Residents to Benefit from FG’s Cash Transfer in Ondo

    No fewer than 81,000 residents of Ondo State are to benefit from the Federal Government’s Cash Transfer programme. Mrs Tosin Olupona, Manager, Ondo Cash Transfer, Office of Public and Intergovernmental Relations, made this known on Wednesday in Akure during a training programme for local government cash facilitators.

    The training was organised in conjunction with the Federal Ministry of Humanitarian Affairs and Poverty Alleviation and the National Social Investment Programmes Agency. According to Olupona, each of the beneficiaries would receive a sum of N25,000 for three months.

    She said the programme was for poor households, adding that in the past, the state had only 12, 000 beneficiaries. ”Now it has been increased to 81,000 in line with the renewed hope agenda of the present government.

    “The benefit is to cushion the effect of removal of fuel subsidy. It is an economic shock response, because the fact remains that nobody is finding it easy now, particularly the poor and vulnerable households.

    “The FG has started paying them N25, 000, and they are going to take this for three months, after which they will exit the programme and another set of people will benefit.

    Olupona revealed that the beneficiaries were drawn from the National Social Register and their BVN and NIN were linked for accountability, with the money paid directly into beneficiary’s account.

    Similarly, the Administrative Secretary, Office of Public and Intergovernmental Relations, Mrs Yemi Pirisola, said the public should have knowledge about the activities of the Agency. Heritage Bank; NDIC Begins Payment of Depositors’ Insured sum — MD

    Pirisola urged the desk officers and beneficiaries to let people know about what the government was doing and steps being taken to cushion the effect of the removal of fuel subsidy and improve the lives of vulnerable people #81,000 Residents to Benefit from FG’s Cash Transfer in Ondo

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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