Home » Government Sets Up Task Force to Fast-Track Cash Transfers

Government Sets Up Task Force to Fast-Track Cash Transfers

by Adeyinka A
0 comments

The Nigerian Government has officially commenced the implementation of its Economic and Financial Inclusion Strategy, aimed at expanding access to economic opportunities and improving the livelihoods of citizens, particularly vulnerable groups.

As part of this effort, an inter-agency task force has been established to tackle obstacles delaying the conditional cash transfer programme recently approved by President Bola Ahmed Tinubu. The initiative targets 15 million vulnerable households across the country.

Speaking at the inaugural meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion in Abuja, Deputy Chief of Staff to the President, Ibrahim Hassan-Hadejia, emphasised the importance of collaborative engagement and strategic alignment in achieving the administration’s objectives.

We are off to a very good start. What has led to the success of what we’ve done so far is alignment and inclusive stakeholder engagement. Financial inclusion is not just about having a bank account—it means access to quality services, credit, and the visibility that digital platforms offer,” he said.

Hassan-Hadejia referenced recent discussions at the World Bank Spring Meetings, noting that the achievements of India in lifting millions out of extreme poverty through financial inclusion serve as a model for Nigeria’s ambitions.

Also speaking at the meeting, Secretary of the Committee and Technical Advisor to the President on Financial Inclusion, Dr Nurudeen Zauro, announced the approval of a strategic roadmap and governance structure for the initiative.

An inter-agency committee has been established to address delays in the disbursement of conditional cash transfers to 15 million households as mandated by President Tinubu,” Zauro confirmed.

The newly formed task force includes representatives from the National Identity Management Commission (NIMC), the National Social Safety-Nets Coordinating Office, the National Cash Transfer Office, the Central Bank of Nigeria (CBN), and the Nigeria Inter-Bank Settlement System (NIBSS). Their collective mission is to eliminate bottlenecks and expedite the delivery of financial support to those in greatest need.

Director-General of NIMC, Abisoye Coker-Odusote, also underscored the crucial role of digital identity in enabling inclusion.The beauty of the NIN is that it bridges the financial divide. It provides access to health, education, and agricultural services and strengthens national data infrastructure,” she said.

The implementation of this strategy forms part of President Tinubu’s broader economic agenda to build a more inclusive, digitally empowered, and resilient Nigerian economy.

Leave a Comment

Edtior's Picks

Latest Articles

All Rights Reserved—designed and developed by Pluxmedia Network

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.