In a groundbreaking and timely move, the Federal Government of Nigeria has expanded its Conditional Cash Transfer (CCT) program to include pensioners covered by the Defined Benefit Scheme (DBS). This momentous announcement, made on October 30, 2023, underscores the government’s commitment to extending financial relief to a wider cross-section of the population in response to the recent removal of fuel subsidies.
The Corporate Communications unit of the Pension Transitional Administration Directorate (PTAD) has issued a statement shedding light on the incorporation of pensioners into the CCT program. This decision emanated from collaborative discussions between PTAD, the Nigeria Union of Pensioners (NUP), pension union executives, and pension desk officers of PTAD’s pension department during a meeting held earlier in October.
In the official statement, PTAD underscores the significance of this inclusion, emphasizing that “pensioners under the Defined Benefit Scheme (DBS) are part of the priority groups set to benefit from the newly approved N25,000 Conditional Cash Transfer (CCT).”
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Mr. Sulayman, Director of the Civil Service Pension Department (CSPD), further expounded on the process, confirming that PTAD, in partnership with the NUP, has successfully captured and verified the data of all DBS pensioners. This meticulously verified data has been promptly submitted to the Ministry of Humanitarian Affairs and Poverty Alleviation, which will oversee the distribution of funds to the pensioners.
The CCT program, launched by the federal government earlier this October, aims to provide financial relief to 15 million economically vulnerable Nigerians. It will disburse N25,000 monthly to these beneficiaries for a period of three months.
With the expansion of the CCT program to encompass pensioners, the government takes a pivotal step to ensure that a broader spectrum of citizens can access this much-needed financial support in the face of challenging economic conditions.
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Frequently Asked Questions (FAQ) – Federal Government Conditional Cash Transfer (CCT) Program Expansion to Include Pensioners
1. What is the Federal Government’s CCT program?
- The CCT program, or Conditional Cash Transfer, is a government initiative designed to provide financial support to economically vulnerable citizens in Nigeria. It offers monthly cash transfers to eligible beneficiaries for a specific period.
2. Who is eligible for the expanded CCT program?
- The program has been expanded to include pensioners covered under the Defined Benefit Scheme (DBS). These pensioners are now part of the priority groups set to benefit from the CCT program.
3. When was the expansion of the CCT program announced?
- The announcement was made on October 30, 2023, reflecting the government’s commitment to extending financial relief to a broader segment of the population in response to the recent fuel subsidy removal.
4. How did the expansion come about?
- The decision to include pensioners in the CCT program was the result of collaborative discussions between the Pension Transitional Administration Directorate (PTAD), the Nigeria Union of Pensioners (NUP), pension union executives, and PTAD’s pension department officers.
5. What is the monthly financial support provided through the CCT program?
- The program provides eligible beneficiaries with a monthly cash transfer of N25,000 for a period of three months.
6. Who is handling the distribution of funds to pensioners under the DBS through the CCT program?
- The distribution of funds to pensioners is managed by the Ministry of Humanitarian Affairs and Poverty Alleviation.
7. How many Nigerians are expected to benefit from the CCT program?
- The program aims to provide financial relief to 15 million economically vulnerable Nigerians.
8. Is the CCT program a response to the removal of fuel subsidies?
- Yes, the expansion of the CCT program to include pensioners is part of the government’s response to the removal of fuel subsidies, intended to mitigate the economic impact on citizens.
9. What is the purpose of extending the CCT program to pensioners?
- The extension of the program to pensioners ensures that a wider range of citizens, including retired individuals, can access financial support during challenging economic times.
10. Where can I find more information about the CCT program and its expansion?
- You can find further details and updates on the CCT program and its expansion through official government channels, the Pension Transitional Administration Directorate (PTAD), and relevant government agencies.
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