The federal government through the Ministry of Humanitarian Affairs and Disaster Management has resumed the payment of Conditional Cash Transfer to 15,768 vulnerable households in Anambra State.
The Head of Unit, Anambra State Cash Office, Mr. Ralph Enukorah, said the beneficiaries cut across 11 of the 21 local government areas of the state.
Enukorah said the payments started with six pilot local government areas considered poorest in the state including Awka North, Anambra West, Dunukofia, Ihiala, Anyamelum and Orumba South.
He said the programme had been extended to five more local government areas which included Awka South, Onitsha North, Ogbaru, Nnewi North and Anambra East to accommodate more beneficiaries.The unit head said the register of beneficiaries was generated by a sister organisation, the social operations coordinating unit, which goes to villages and wards to generate data on vulnerable households.
He said that payment was made every two months with beneficiaries getting N10,000 in addition to any arrears for those not paid in previous months.
Enukorah assured all beneficiaries of the payment and commended the federal government for providing the framework for effective implementation of the programme.
“The federal government is paying the beneficiaries of the Conditional Cash Transfer, as a social intervention programme of the Buhari administration.
“Every month, the poor and vulnerable households are paid N5,000 and in Anambra, we have a total of 15,768 beneficiaries spread across 11 local government areas,” he said.
A beneficiary, Mr Sunday Nwanna, said the money would go a long way in ameliorating his burden and that of his family.
Nwanna said though the N10,000 would not be enough for him to set up a cottage business, but that it was a huge relief for him and his family.
He thanked the federal government for the programme and urged it to continue, saying that the gesture meant a lot for the poor.
Also speaking, Mrs Regina Obikie expressed joy for receiving the money as it would help her increase her small business.
The representative of the Payment Service Provided (PSP), Mr. Bernard Nwobodo, said the system was being automated to reduce the stress of accessing payment to beneficiaries.
Nwobodo said the National Cash Transfer Office had begun the digitalisation of the payment process such that ATM cards would be provided for beneficiaries.
He said the process had been activated in some LGAs including Ihiala, Awka North, Orumba South and will be extended to others.
“When these cards are activated, the beneficiaries can access the money through the bank ATM and other financial services providers for easy withdrawal of their money upon verification,” he said.
The News Agency of Nigeria (NAN) reported that the initiative is part of the Social Intervention Programme (SIP) of President Muhammadu Buhari administration aimed at providing support for the most vulnerable. (NAN)
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UBA Group Dominates the 2021 Banker Awards, Wins ‘African Bank of the Year’
Breaks the Banker Magazine Record as it wins Best Bank in Nigeria and 12 of Its Subsidiaries Africa’s global bank, United Bank for Africa (UBA) Plc yet again, reaffirms its leadership position across Africa, as the bank has been globally recognised as the African Bank of the year 2021 by the Banker Magazine, a leading global finance news publication published by the Financial Times of London.
UBA’s solid financial performance, its excellent service delivery to customers and its continuous role of facilitating rapid economic growth across the African continent were some of the reasons that led to the bank being named best bank in 12 of its African subsidiaries and in Nigeria. UBA Nigeria Plc, UBA Benin, UBA Burkina Faso, UBA Cameroon, UBA Chad, UBA Congo Brazzaville, UBA Cote D’Ivoire, UBA Gabon, UBA Guinea, UBA Liberia, UBA Senegal, UBA Sierra Leone and UBA Zambia all came out top as the best banks in their respective countries.
This will not be a first for UBA. In 2020, six of its subsidiaries in Benin, Cote D’Ivoire, Chad, Liberia, Sierra Leone and Zambia were winners of the Best Bank award. This year, the UBA Group is breaking a record with its exceptional wins as African Bank of the Year and Bank of the year in 13 countries. The total 14 awards makes it the first time ever in the history of the almost 100 years of The banker, that any banking group will be clinching as many as 14 wins in a single year.
At the Virtual award ceremony which was held on December 1st 2021, the Middle East and Africa Editor for The Banker, John Everington, explained at the event that a rigorous and highly analytical process is made annually to reach the decision for each Bank of the Year award and the institution’s reputation for independence, authority and integrity is thoroughly applied to each submission.
“While several African banks impressed the judges this year, there was no doubt as to the worthiest recipient of the Bank of the Year for Africa – UBA Group – a clear winner across a wide range of criteria. UBA has performed impressively across its footprint with a strong financial performance across most of its markets,” Everington said.
UBA’s Group Managing Director/Chief Executive Officer, Kennedy Uzoka, who expressed delight over the recognition from The Banker stated “Like I always say, at UBA, we must be doing something right. Winning 14 total awards in13 subsidiaries and the Bank of the Year on the African continent is a big achievement.’
Continuing, Uzoka said, “The recognitions come as a reassurance that we are on track in consolidating our leadership position in Africa, as we continue to create superior value for all our stakeholders. We have our millions of customers across the globe and our many thousands of staff to thank for this. They are the very reason why we keep winning’
Since1926, the Bank of the Year awards has been celebrating the best of global banking and is regarded as the industry standard for banking excellence. The 2021 edition highlights those institutions that have outshone their peers in terms of performance, strategic initiatives and response to the Covid-19 pandemic.
The Banker Magazine is a publication of the Financial Times – a leading global finance news publication which has been in existence since 1888. The Banker magazine is the definitive reference in international banking for high level decision makers.
United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-five million customers, across over 1,000 business offices and customer touch points, in 20 African countries.
With presence in the United States of America, the United Kingdom and France, UBA is connecting people and businesses across Africa through retail; commercial and corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services
Crisis Rocks Ghana Parliament As Members Clash Over 2022 budget
The 2022 budget of Ghana suffered another set back as the House could not reach concerts on its passage.
The Minister of Finance, Mr. Ken Ofori Atta had presented the budget for the House to deliberate upon and possibly approve it for passage to the president to work with. But the House is in disagreement.
The Majority members had earlier hoped in easy passage but, they were shocked to witness a tie in the House. The ruling Party, New Patriotic Party ( NPP) has 137 members in the House, same to the main opposition party, The New Democratic Congress(NDC)
The Speaker who could have added one to the ruling NPP lacks the constitutional right, as the Constitution denies him voting right as the presiding officer.
The case will then be taken to the Supreme Court for intervention. The issue has been a major challenge threatening the smooth democracy in the country. The decision to go to Supreme Court is expected to be taken before or by Friday sitting.
By Moses Owopade,
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