A woman takes Nigerian Naira from a bank's automated teller machine (ATM) in Ikeja district in the commercial capital Lagos November 12, 2014. Nigeria's naira currency weakened slightly on the interbank market on Tuesday due to strong demand for dollars from foreign investors. REUTERS/Akintunde Akinleye (NIGERIA - Tags: BUSINESS) - RTR4DUX1
News Update
THE Federal Government has commenced a revalidation exercise of the National Social Register as part of efforts to strengthen the ongoing conditional cash transfer programme aimed at cushioning the impact of economic reforms.
So far, a total of 2.3 million households have been confirmed and cleared for payment under the renewed scheme.
The Director General of the National Identity Management Commission, Abisoye Coker-Odusote, disclosed this at a recent press briefing held at the agency’s headquarters in Abuja.
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The revalidation exercise comes amid concerns raised by the World Bank over the slow implementation of the cash transfer programme, which was launched in 2023, following the removal of petrol subsidy and unification of the foreign exchange market.
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