FG includes pensioners in N25,000 conditional cash transfer program

The Federal government has disclosed that pensioners under the Defined Benefit Scheme (DBS) are included as beneficiaries in the recently approved N25,000 conditional cash transfer as a part of measures to curtail the effects of the fuel subsidy removal on Nigerians.

The decision was revealed in a statement by the Corporate Communications unit of the Pension Transitional Administration Directorate (PTAD) where it provided clarity on the CCT program to pensioners.

PTAD noted in its statement that the decision to include pensioners in the cash transfer program was a sequel to a meeting between PTAD, Nigeria Union of Pensioners (NUP), pension union executives and pension desk officers of PTAD’s pension department earlier in October.

The statement reads,

The Director of the Civil Service Pension Department (CSPD), Mr Sulayman said that PTAD in partnership with the Nigeria Union of Pensioners (NUP) has captured and verified the data of all DBS pensioners and submitted it to the Ministry of Humanitarian Affairs and Poverty Alleviation.

It stated,

The Ministry of Humanitarian Affairs will handle the transfer of the funds to the pensioners.

Earlier in October, the federal government launched the conditional cash transfer program targeted at 15 million Nigerians. The program aims to pay N25,000 to 15 million economically vulnerable Nigerians for three months.