The Guardian Nigeria News (20.01.2021) - No fewer than One million Nigerians are to benefit from the Federal Government’s COVID-19 Cash Transfer Project which aims to lift the urban poor affected by the pandemic out of poverty. The Vice President, Prof. Yemi Osinbajo, said this on Tuesday in Abuja while inaugurating the COVID-19 Rapid Response Registration (RRR) Cash Transfer Project.
Osinbajo said that the RRR was designed to focus mainly on the urban poor wards selected using scientifically validated methods of satellite remote sensing technology, machine learning algorithm and big data analysis. “This social protection method of targeting is the first strategy to be developed and tested in the Sub-Saharan Africa region and Nigeria will be the first country for its implementation. “With the RRR, which uses a wholly technology-based approach, we are primed to achieve an end-to-end digital foot-print in cash transfers for the urban poor. “Which also helps us achieve our financial inclusion policy under the Enhancing Financial Innovation and Access programme (EFInA).” News Agency of Nigeria (NAN) reports that the first set of 3,115 beneficiaries have already received N5,000 each cash transfer and the programme will continue until it reaches the one million target. The cash transfers will be received by the beneficiaries for six months.
No fewer than One million Nigerians are to benefit from the Federal Government’s COVID-19 Cash Transfer Project which aims to lift the urban poor affected by the pandemic out of poverty. The Vice President, Prof. Yemi Osinbajo, said this on Tuesday in Abuja while inaugurating the COVID-19 Rapid Response Registration (RRR) Cash Transfer Project.
Osinbajo said that the RRR was designed to focus mainly on the urban poor wards selected using scientifically validated methods of satellite remote sensing technology, machine learning algorithm and big data analysis. “This social protection method of targeting is the first strategy to be developed and tested in the Sub-Saharan Africa region and Nigeria will be the first country for its implementation. “With the RRR, which uses a wholly technology-based approach, we are primed to achieve an end-to-end digital foot-print in cash transfers for the urban poor. “Which also helps us achieve our financial inclusion policy under the Enhancing Financial Innovation and Access programme (EFInA).” News Agency of Nigeria (NAN) reports that the first set of 3,115 beneficiaries have already received N5,000 each cash transfer and the programme will continue until it reaches the one million target. The cash transfers will be received by the beneficiaries for six months.