The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Umar Farouq said the Federal Government will commence the second phase of the disbursement of 20,000 Grant to the vulnerable nationwide.
Farouq while speaking in Abuja at a media parley on Grant for vulnerable group noted that the Grant aim at increasing income and productive access of the target beneficiaries.
“We will flag off disbursement in FCT on Thursday 28th July 2022.
“With time, the program will be extended to the 36 states of the federation according to the time already scheduled”.
“A cash grant of #20,000 naira will be granted to these targeted groups across the 36 states of the federation and the FCT”.
She added that the Grant will provide financial inclusion among the unbanked and underserved in the population to improve their living standard.
Farouq explained that the federal government in 2021 launched the grant for vulnerable groups to further sustain the social inclusion agenda of president Buhari.
She added that the program is designed to provide a one time financial grant to women, men, the disabled, aged and poorest of the poor in the society.
“In 2019, we targeted rural women, The program has positively impacted their plight.
“We supported rural women because we know they are very enterprising. Anything you give them, they will use it to start a business and support their families.
“Because of the impact the program had on the rural women, in 2021, we decided to expand the program to include the men”.
Farouq stated that the grant will be paid through printed card, bank account or wallet and as such the
ministry has engaged the services of financial service providers who are registered with CBN to ensure disbursement of the funds to ensure accountability and reliability.
She however advised stakeholders to assist in identifying, selecting and mobilizing beneficiaries for the grant disbursement.