Conditional Cash Transfer: Lagos disburses N1.3 billion to 11,386 households
Conditional Cash Transfer: Lagos disburses N1.3 billion to 11,386 households Peoples Gazette
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The Lagos State Government’s Conditional Cash Transfer Programme
The Lagos State government has disbursed over N1,346,030,000.00 to 11,386 households through its bi-monthly conditional cash transfer (CCT) programme.
Introduction
The Lagos State Commissioner for Wealth Creation and Employment, Akinyemi Ajigbotafe, announced this during the 2024 ministerial briefing held at Bagauda Kaltho Press Centre, Alausa, Ikeja.
Beneficiary Local Governments
- Apapa
- Amuwo Odofin
- Ajeromi-Ifelodun
- Agege
- Badagry
- Epe
- Ibeju-Lekki
- Lagos Island
- Shomolu
- Ifako-Ijaye
- Alimosho
Impact on Livelihoods
The implementation of the CCT programme has contributed to the improved livelihood of beneficiaries through savings group mobilisation activities.
In addition, the unit implemented the NG Cares programme, where a transfer of N343,200,000 million was made to 2,145 beneficiaries in Eti-Osa, Kosofe, Mainland, Iru, Victoria Island, Agboyi-Ketu, Ikosi Isheri, and Yaba.
Commitment to Wealth Creation and Employment
Mr. Ajigbotafe reiterated Governor Babajide Sanwo-Olu’s administration’s commitment to creating wealth and employment for the state’s residents.
“Under Governor Sanwo-Olu’s visionary leadership, no stone is left unturned. In July, we’ll inaugurate our leather hub at Matori Mushin, a N4 billion leather industry in Lagos.
“We got our machine and equipment from Italy. This will create more employment for the good people of our dear state,” he said.
Support for Micro, Small and Medium Enterprises (MSMEs)
Lagos State is particularly focused on the growth and development of Micro, Small and Medium Enterprises (MSMEs), with initiatives to assist start-ups, artisans, and entrepreneurs in the state.
“The MSME loan programme in 2023 disbursed N859 million to 1,271 MSMEs in the state.
“Also, Lagos Care supported 1,425 MSMEs with grants worth N358 million across the three disbursement-linked indicators, which are credit, operation, and IT enhancement,” he said.
Lagos Care is a World Bank-sponsored intervention designed to cushion the effect of the COVID-19 pandemic.
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SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 1: No Poverty | 1.3: Implement nationally appropriate social protection systems and measures for all, including floors, and by 2030 achieve substantial coverage of the poor and the vulnerable | – Disbursement of over N1,346,030,000.00 to 11,386 households through the bi-monthly conditional cash transfer (CCT) program – Transfer of N343,200,000 million made to 2,145 beneficiaries through the NG Cares program |
| SDG 8: Decent Work and Economic Growth | 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services | – Disbursement of N859 million to 1,271 MSMEs through the MSME loan program – Support of 1,425 MSMEs with grants worth N358 million through Lagos Care program |
1. Which SDGs are addressed or connected to the issues highlighted in the article?
SDG 1: No Poverty
The article highlights the disbursement of funds through the bi-monthly conditional cash transfer (CCT) program and the NG Cares program. These programs aim to improve the livelihoods of beneficiaries and provide support to vulnerable households, addressing the goal of eradicating poverty.
SDG 8: Decent Work and Economic Growth
The article mentions the disbursement of funds to MSMEs through the MSME loan program and the support provided to MSMEs through the Lagos Care program. These initiatives promote job creation, entrepreneurship, and economic growth, aligning with SDG 8.
2. What specific targets under those SDGs can be identified based on the article’s content?
Target 1.3: Implement nationally appropriate social protection systems and measures for all, including floors, and by 2030 achieve substantial coverage of the poor and the vulnerable
The disbursement of funds through the bi-monthly conditional cash transfer (CCT) program and the NG Cares program contributes to achieving substantial coverage of the poor and vulnerable populations in Lagos State.
Target 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services
The disbursement of funds to MSMEs through the MSME loan program and the support provided through the Lagos Care program promote decent job creation, entrepreneurship, and the growth of micro-, small-, and medium-sized enterprises.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
The article mentions specific indicators that can be used to measure progress towards the identified targets:
- Disbursement of over N1,346,030,000.00 to 11,386 households through the bi-monthly conditional cash transfer (CCT) program
- Transfer of N343,200,000 million made to 2,145 beneficiaries through the NG Cares program
- Disbursement of N859 million to 1,271 MSMEs through the MSME loan program
- Support of 1,425 MSMEs with grants worth N358 million through Lagos Care program
4. SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 1: No Poverty | 1.3: Implement nationally appropriate social protection systems and measures for all, including floors, and by 2030 achieve substantial coverage of the poor and the vulnerable | – Disbursement of over N1,346,030,000.00 to 11,386 households through the bi-monthly conditional cash transfer (CCT) program – Transfer of N343,200,000 million made to 2,145 beneficiaries through the NG Cares program |
| SDG 8: Decent Work and Economic Growth | 8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity, and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services | – Disbursement of N859 million to 1,271 MSMEs through the MSME loan program – Support of 1,425 MSMEs with grants worth N358 million through Lagos Care program |
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Fuente: gazettengr.com
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