Business
10 Things To Know About The National Cash Transfer Scheme
The Federal Government has provided some cash incentives to support the pro-poor in the country one of which is the National Cash Transfer programme
- The National Cash Transfer Programme also known as Household Uplifting Programme (HUP) was conceived by the President Muhammadu Buhari administration as part of its larger growth and social inclusion strategies. it is administered by Mrs Maryam Uwais, Special Adviser to the President on Social Investments
- The programme facilitates the transfer of N5, 000 per month to beneficiaries, which is paid on bi-monthly bases (every two months). The payment is given to all eligible households selected from the National Social Register (NSR).
- HUP has a slogan “Beta Don Come” (meaning better things have arrived) and aims to support very poor people with cash to improve their welfare conditions
- The programme commenced in September, 2016 as a component of National Social Safety Nets Project (NASSP)
- The National Cash Transfer Programme is supported by the World Bank, to provide financial support to targeted poor and vulnerable Nigerian households.
- Beneficiaries of the programme are obtained from the National Social Register (NSR), comprising State Social Registers (SR) of poor and vulnerable households.
- The programme has 3 components which are Base Cash Transfer, Top-Up based on State selected conditions and Livelihood support.
- There is second type of transfer and this is known as top-up (additional five thousand also given bi-monthly). It is given to a subset of the recipients of the first type of transfer, upon fulfilling certain conditions.
- Beneficiaries are trained on Life Skills (LS) and Savings Group Mobilisation and Micro Business Development (SGMB). The training on SGMB is targeted at enabling the beneficiaries to save, form economic groups, make financial plans and engage in viable business activities within their communities.
- Beneficiaries also engage in productive business activities for self-reliance like animal husbandry, petty trading, services such as dressmaking, grinding of grains and other necessary service.