IN order to improve the program, the Federal Government started digitizing the Conditional Cash Transfer (CCT) procedure in Lagos on Thursday. The Lagos State Commissioner for Wealth Creation and Employment, Mrs. Yetunde Arobieke, stated that beneficiary payments would be simpler because to digitization.
At the beginning of the distribution of ATM cards and activation of personal identification numbers (PINs) for beneficiaries of the conditional cash transfer program in Lagos State, Arobieke gave a speech. In order to ensure and further improve openness, accountability, and integrity in the delivery of program benefits to beneficiaries, she claimed that digitization was now required.
The bi-monthly cash stipends from the program, according to Arobieke, have been given to CCT beneficiaries in Lagos State. She continued by saying that through the Savings & Group Mobilization (SGM) program, the recipients had accessed the much-needed capacity-building skills that had greatly improved their ability to support themselves.
According to Arobieke, the success stories that were disseminated throughout the targeted local government areas and local council development areas were the fruit of the capacity-building skills. She claimed that the National Social Safety Nets Project (NASSP), which was started by the Federal Government in collaboration with the World Bank, was essential in reducing extreme poverty.
”From inception to date, the programme has successfully paid beneficiaries via a transparent and accountable means that enables the NASSP programme to pay beneficiaries at their doorstep through Payment Service Providers (PSPs).
”This process has made payment and reconciliation easy. In spite of this level of success, the programme is commencing full digitisation of its payment processes. READ: Nigeria to Implement Blockchain Technology
”This digitised method will use an online system of digital accounts (Nigeria Uniform Bank Account Numbers), opened by licensed PSPs such as commercial banks, microfinance banks, payment service banks and mobile money operators.
”This arrangement has become necessary to ensure and further enhance transparency, accountability and integrity in the delivery of programme benefits to beneficiaries.
”Our gratitude goes to the President, Federal Republic of Nigeria, President Muhammadu Buhari, for being a father to the nation and putting the programme in place with his audacious vision of lifting 100 million people out of the poverty net,” she said.
The beneficiaries were meant to update the default PINs when given their ATM cards, according to Mrs. Lola Orimoogunje, Head of Unit, Lagos State Cash Transfer.
Orimoogunje admonished them to guard their PINs diligently to prevent someone from stealing their stipend from the bank.
Comments are closed.