The National Cash Transfer Office (NCTO) has disclosed that there will be a massive disbursement of the COVID-19 RRR as it targets 10.2million Nigerians to address 'economic shock'.
Speaking to News Agency of Nigeria in Abuja on Friday, the Interim Head of NCTO, Dr Ibraheem Adam said that first aspect of the Cash Transfer Programme which is the Conditional Cash Transfer will end on Dec 31, 2022 but there is a scale up programme that is going to address the issue of economic shock.
"This first aspect of the programme which is the cash transfer will end on Dec 31, 2022, but there is a scale up programme that is going to address the issue of economic shock.
"We have 10.2 million beneficiaries on that designed programme that will benefit N5,000 every month; immediately we finish the conditional cash transfer, that will pick up as a scale up programme.
"It will be implemented in all the 36 states in Nigeria and FCT. There is a need to bring this in the face of insecurity and other reasons, and these 10.2 million beneficiaries are also going to have bank account.
"This is going to add to the efforts of government to include people financially in the system, the initial was 2 million and now we are going to do 10.2 million beneficiaries that are going to be added into the financial system which is a good feat," he said.
Recall that following the rap up of the first phase of the COVID-19 RRR Cash Transfer Programme in June 2022, the National Social Safetey-Nets Coordinating Office (NASSCO) said it has embarked on $800m NASSP Scale Up designed to pay cash transfers to 10.2 million Nigerians.
NASSCO stated that the programme is targeting more potential beneficiaries, adding that the Rapid Response Register project is not ending anytime soon.
Adam restated the Federal Government's commitment to lift 100 Million Nigerians out of Poverty, noting that disbursement of the fund would encourage beneficiaries to come out of poverty, to be productive and establish a sustainable means of livelihood.
"A loan was collected from the World Bank to give to Nigerians, not to eat but to encourage beneficiaries to come out of poverty, to be productive and establish a sustainable means of livelihood.
"So, if this is sustained, we can say that the aspiration of the president to take 100 million Nigerians out of poverty will be achieved."
Expectedly from January 2023, the disbursement of the N30,000 COVID-19 RRR to the registered beneficiaries would continue massively.
The N30,000 COVID-19 RRR cash transfer is a lump sum of N5,000 monthly cash transfer for six months duration of the COVID-19 RRR Cash Transfer Programme.
The Rapid Response Register (RRR) for COVID-19 Cash Transfer, a World Bank supported National Social Safety Nets Project, is an intervention by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development to identify and document the Urban and Semi-urban poor who have lost their income streams and consequently become poorer from the hash economic impact of COVID-19.
The Register is being built nationwide as an expansion of the existing National Social Safety Nets Project (NASSP) to target those in this category of non-traditional poor in urban and high density locations and/or slums where the COVID-19 Pandamic has affected economic life.
Individuals/Household captured under the COVID-19 Rapid Response Register are paid N5,000 for a period of 6 Months.
Covered in this update include Rapid Response Register (RRR) Update Today 30th November 2022, COVID-19 RRR Second Batch Disbursment, N30,000 RRR Payment, Rapid Response Register grant 2022, Conditional Cash Transfer news.
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