FG Shares N5,000 to Oyo Residents to Reduce Poverty

September 2, 2021
Oyo Recruits

By Modupe Gbadeyanka

Some vulnerable residents of Oyo State have started to receive N5,000 from the federal government through the Conditional Cash Transfer scheme aimed to reduce poverty.

The disbursement of the cash in the state commenced on Tuesday across the 33 local government areas, with the funds expected to prevent beneficiaries from failing further down the poverty line and build their resilience to withstand shocks, the government said.

On Tuesday, the distribution of the money kicked off at Ibadan Southwest headquarters, Aleshinloye and Ona Ara council secretariat, Akanran.

A statement signed by the Permanent Secretary, Ministry of Information, Culture and Tourism, Dr Bunmi Babalola in Ibadan, said the payments of cash to beneficiaries will extend to other local government areas.

Speaking with newsmen during the monitoring exercise, the Head of Unit in the state, Mr Ezekiel Oladipo, said that the programme started in Oyo State in 2016 and about 13,813 beneficiaries across the 33 local government areas have been benefiting since inception.

“The existing structure of Youth Empowerment and Social Operations (YES O) qualified the state to be one of the eight states that started the programme in 2016.

“There is an agency that is working for the World Bank which is called State Coordinating Unit SOCU that populated the register based on the criteria laid down by World Bank and it was done through the local government areas,” he said.

Mr Oladipo explained further that the programme has three major components which is designed to deliver timely and accessible cash transfers to beneficiary households.

“The Conditional Cash Transfer supports the poor and vulnerable with #5,000 per month to improve consumption with the aim of reducing poverty, preventing the vulnerable households from failing further down the poverty line and building their resilience to withstand shocks, while the Top-Up cash transfer incorporates benefits linked to the participation of selected households in activities which is focused on human capital development and sustainable environment through adherence to specified conditions known as co-responsibilities with four broad areas of health, education, nutrition and environment.

“The livelihood support activities facilitate graduation of beneficiaries out of poverty, thereby making them financially independent which is fundamentally focused at enabling beneficiaries to establish a sustainable means of livelihood,” he added,

In their separate remarks, the Executive Chairman, Ona Ara Local Government, Mr Sanusi Adesina and his counterpart in Ido Local Government Area, Mr Sheriff Adeojo appreciated the federal government for the gesture.

While they also promised to continue to support the downtrodden in the society through various empowerment programmes, they equally advised the beneficiaries to take care of their health and ensure the judicious use of the cash given unto them.

Speaking on behalf of the beneficiaries, Mrs Tawakalitu Tajudeen, a petty trader from Ibadan Southwest local government, Mrs Abosede Atunbi a fashion designer from Ona Ara local government, Mrs Falilatu Sumonu from Ibadan North West, Mrs Kosenatu Olalere from Ibarapa East and Mrs Temilade Busi from Ibarapa Central thanked the federal and state governments, stating that the scheme will prevent them from falling further down poverty line.

Modupe Gbadeyanka

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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