NewStats: 3,264,424 , 8,183,698 topics. Date: Wednesday, 11 June 2025 at 03:51 AM t1k3a

STATE HOUSE PRESS RELEASE
OFFICE OF THE VICE PRESIDENT


ESP CASH TRANSFER SCHEME:
LIFTING 20 MILLION NIGERIANS OUT OF POVERTY IN NEXT 2 YEARS NOW WITHIN REACH, SAYS OSINBAJO

*VP adds: Nigeria deserves social security scheme not just for poverty alleviation, but wealth creation also

*Nigeria first country in Africa to develop & test wholly technology-based approach to social protection

Following the successful activation of the Economic Sustainability Plan’s (ESP) Cash Transfer scheme aimed at delivering financial to at least 1 million urban-based households using technology, the Buhari istration’s vision of reducing extreme poverty by lifting at least 20 million Nigerians out of poverty in the next two years is now within reach, according to Vice President Yemi Osinbajo, SAN.


Prof. Osinbajo stated this Tuesday in Abuja while flagging-off, virtually, the cash transfer scheme to be facilitated through a wholly technology-based approach called the Rapid Response (RRR).


RRR is the means by which urban poor and vulnerable population can be speedily identified using geographic satellite technology and other related means for the purposes of delivering cash to households affected by the fallouts of the COVID-19 pandemic in the country.


According to the Vice President “the groundbreaking success of the RRR, now emboldens us to achieve our aspiration of a social security programme for a minimum of twenty million Nigerians in the next two years. This will be the largest of its kind on the continent. This (aspiration) is, at least from the perspective of this tested approach, now well within our reach.”


“The only constraint, of course, is the funding which we must look for because, this country deserves a social security scheme that will not merely alleviate poverty but also create wealth for the millions of those who are waiting for this opportunity.


“Our government launched the National Social Protection Policy (NSPP) in 2017 to provide the framework for institutionalizing the work we started since 2016 on reducing extreme poverty in Nigeria, based on our istration’s vision to create a comprehensive social security programme for the poor and vulnerable and thereafter the pledge to lift 100 million Nigerian’s out of poverty in ten years.”


The Vice President maintained that the launch of the (RRR) social protection method of targeting, which is the first strategy to be developed and tested in the Sub-Saharan Africa region, would enable Nigeria tackle poverty in a more systematic manner, leveraging technology to expand the scope of the interventions.


His words: “As of 31st December 2020, we have identified and ed about 24.3 million poor and vulnerable individuals into the National Social ; equivalent to about 5.7 million households. Through this project, we are currently injecting about N10 Billion directly into the hands of about 2 million poor and vulnerable people every month.


“This is about the largest evidence-based effort by any istration on poverty reduction and its impact on the lives of the poor is huge; by way of improving the livelihoods of the beneficiaries through enhanced household purchasing power; smoothening consumption; increasing savings and acquisition of household assets; and improving the local economy. There are many more ramifications.”


Earlier in her remarks, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq said the initiative would provide a gateway to other important government programmes, adding that Nigeria now has a database for impact tracking and the expansion of social interventions and related programmes, in line with President Muhammadu Buhari’s vision of extending financial to more Nigerians.


She said “By design, this links to other databases such as banking information of respondents and national identity numbers. It is also a process that is advanced in unifying national databank towards the delivery of social development in Nigeria. There is no doubt that in future, as has been demonstrated in the previous presentation, we would be reverting to the process used here and the itself, to aid emergency assistance”.


On his part, the World Bank Country Director for Nigeria, Mr Subham Chaudhuri commended the Federal Government for the initiative, noting it as a critical component in the country’s response to the COVID-19 pandemic. While pledging the of the World Bank for the project, Mr Chaudhuri emphasized the need for stakeholders to remain transparent in the selection and disbursement of the funds to the beneficiaries.


About 3,115 households received alerts of payments instantly at the flag-off of the project by the Vice President. A total of 1 million households would be impacted directly under the scheme in the next 6 months.


The Cash Transfer scheme which is part of the ESP is designed to build a shock responsive framework for capturing and ing the urban poor and vulnerable populations across Nigeria. The RRR focuses mainly on the urban poor wards selected using scientifically validated methods of satellite remote sensing technology, machine learning algorithm and big data analysis.


Also present at the event include the Minister of Labour and Employment, Sen. Chris Ngige; the representative of the European Union (EU) mission in Nigeria, Mr Ketil Karlsen, among others.



Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President

19th January 2021

This one that is just there for his salary will open his mouth and be talking what he knows he can't do! Osibanjo can't influence shishi so he should better keep quiet and be collecting his salary and allowance jeje

This man has a degree called LLB

Lie
Lie
Brother

Ppl around dis guys are not telling them the truth

Spare part vp

Audio

ok ooo

Lying criminal pastor.
Shame no the catch you again.

with peanuts

Pastor wey dey lie

The same apc that pledged it would stamp out boko haram and create jobs to employ millions of nigerians still has the gut to deceive nigerians.

As usual

Ok

Short idiot.

Since 2015 till now is how many years? 6 years. How many millions of people did you 'lift' out of poverty abi actually how many people did you dip into deep poverty in these 6 years? Now you want to perform wonders in 2 years.

I swear these bastards are using helpless Nigerians to catch cruise. Wetin concern me. The masses should suffer and continue dying until they mobilise themselves and scatter everywhere.

Huh.

That some people are complaining that 18k is too much to pay for school fees per term?

Nonsense

That's how they've been talking since, no action....

Nigeria politicians and Audio naa 5&6

*Nigeria first country in Africa to develop & test wholly technology-based
approach to social protection ~ who agrees

Second lying machine. Crazy pastor

Ok now.

Do you mean sinking 20 million people into poverty?

It is well, buh who are they deceiving?

Figure-head VP for Bubu

I think the Buhari's istration deserves an accolade for comfortably turning a full pastor like osinbajo into a *bunch of liar*....

These men have been saying the same words for decades,and as well as many countless and useless visions Na only God go fit save us from this sinking ship...