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fets participates in FG's NCTO disbursement across seven states
April 29 2018 0 comment

fets participates in FG's NCTO disbursement across seven states

The conditional cash transfer project is one of the social protection program (others include employment and empowerment of youths, home grown school feeding, free tertiary education, micro credit for MSMEs and teach Nigeria) sponsored by the Federal government of Nigeria in partnership with the Department for International Development (DIFD) and the World Bank. This project is aimed at providing safety nets to the poor and vulnerable citizens in the country. This

is done through the bi-monthly disbursement of N10,000 to alleviate their situation. The project is managed by the National Cash Transfer Office (NCTO) under the office of the Vice President.

fets is one of the payment service providers (PSPs) responsible for the bi-monthly disbursement of funds to the beneficiaries. We started in May 2017 and we have disbursed about three billion naira to over eighty thousand beneficiaries in 5,645 communities across seven states including Ekiti, Oyo, Osun, Bauchi, Borno, Kaduna and Kano states.

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