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5K Stipend: FG Begins Payment In 9 States (LIST)


The long awaited N5,000 stipend promised by the President Muhammadu Buhari led APC government may have come to fruition as presidency have begun the payment, after one year to poor Nigerians in nine states.
President Muhammadu Buhari & Vice President, Professor Yemi Osinbajo
According to Vanguard, the Programme is also a part of the Conditional Cash Transfer (CCT) of its Social Investment Programmes, SIP for which N500 billion was appropriated in the 2016 national budget.


Aside the N-Power jobs where graduates and other participants in the Programme are paid N3,000 per month, the CCT also targets one million Nigerians who would receive N5000 monthly payments as a form of social safety net, the report said.

But, Nine states are being mapped out for coverage in this first batch and already, many of the beneficiaries were reported to have started receiving their first payments by Friday last week.

The states were Borno, Kwara, Bauchi, Cross Rivers, Niger, Kogi, Oyo, Ogun and Ekiti.


Although, out of the states, Borno, Kwara and Bauchi have started receiving the money while the rest of the states in the first batch would commence the CCT payments soon.

A statement from the office of the Vice President where the project is domiciled stated that “Funds for the commencement of the payments in four states were released last week to the Nigeria Inter-Bank Settlement System (NIBSS) – the platform that hosts and validates payments for all government’s social intervention programmes. Funds for another set of five states to complete the first batch of nine states would follow soon.”

It also stated that “the sequence for the payment of the money would be operationally managed by NIBSS”.


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