Report Reveals Only 36 Of 15m Households Benefit From Cash Transfer

Since October 2023, only 36 per cent of targeted households have benefited from the conditional cash transfer programme launched by the Federal Government to cushion economic hardship for vulnerable Nigerians.

According to the latest mid-year report published by PwC, most of the beneficiaries have received the cash transfer once since 2023.

The programme was relaunched in 2023, following the removal of the petrol subsidy and the unification of the foreign exchange market by the President Bola Tinubu administration. The scheme is aimed at directly supporting those within the lowest poverty bracket.