Government & Politics

FG Conditional Cash Transfer Program Gives Update on Resumption Amidst Probes and Reforms

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FG Conditional Cash Transfer Program Gives Update on Resumption Amidst Probes and Reforms

In the wake of ongoing investigations by the Economic and Financial Crimes Commission (EFCC) into alleged financial irregularities totaling billions of Naira within the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, the Conditional Cash Transfer program, suspended earlier this year, is set to resume operations. This decision comes amidst heightened concerns over the escalating cost of living, hunger protests, and the rapid depreciation of the Naira, all of which have exacerbated the plight of vulnerable households nationwide.

The Conditional Cash Transfer program, along with similar initiatives managed by the National Social Investment Programme Agency (NSIPA), was suspended in January by President Tinubu following allegations of financial misconduct. To address these concerns and restore public trust, a Special Presidential Panel chaired by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been established. The panel includes key ministers responsible for various sectors crucial to poverty alleviation and social welfare.

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According to a statement released by presidential spokesman Ajuri Ngelale, the panel is tasked with conducting a comprehensive review and audit of the financial frameworks and policy guidelines governing the NSIPA. The ultimate goal is to implement a thorough re-engineering of the financial architecture of these programs, with a focus on enhancing transparency, accountability, and efficiency in their implementation.

READ ALSO: Federal Government To Relaunch Direct Cash Transfer Program for 12 Million Nigerians

President Tinubu has expressed optimism that the Special Presidential Panel will succeed in reinstating public confidence in these vital poverty intervention programs. The reforms aim to establish open and accountable governance frameworks that are resilient against abuse and incompetence, ensuring that disadvantaged households across the nation receive the support they urgently need.

As the Conditional Cash Transfer program prepares to resume its operations, the government remains committed to addressing the pressing needs of vulnerable populations and mitigating the adverse effects of poverty amidst the challenging economic landscape.

Source: The Guardian Nigeria

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