Poor households to benefit from World Bank’s 300 million dollar cash transfer

7 years ago by: Direct
-- (m) at 14-03-2013 11:59PM

(8419 | Hero)

Poor households within the country will soon begin to benefit from World Bank Group’s 300 million dollars social safety net programme aimed at reducing extreme poverty and spreading prosperity, World Bank Africa region Director for Human Development, Ritva Reinikka, has said.
Tagged Youth Employment and Social Support Operation (YESSO), the programme, which is taking off June this year with seven pilot states of the Federation comprising Bauchi, Niger, Cross River, Ekiti, Osun, Oyo and Kwara states, will prove wrong all those who assume that direct cash transfer to the extremely poor will not be possible in Africa, according to Ms Reinikka in the Nigeria Country office of the Bank Thursday.
Foluso Okunmadewa, who is in charge of the programme, said the state governments that will become 20 after the first year will have to spend their counterpart funding up-front before the World Bank will reimburse them with its 300 million dollars.
 “It is community groups themselves that will identify the poor households. And then you put all the poor households in what is called the unified register.  And then it is from this register that you will pick those who will benefit from the programme.  If they pick anybody that is not in the register, our resource is not going into that. We have done that agreement with the government. They have actually agreed on that. That is what will go to our board,” he said.
 He added that benefiting from the money will be based on the condition that the households concerned will put their children into school.
 According World Bank country Director in Nigeria, Marie-Françoise Marie-Nelly, the money is an interest-free credit that will be paid back in ten years time.