Home / FINANCE / FG to commence N5000 cash transfer through NIPOST in Benue, Anambra, Nasarawa

FG to commence N5000 cash transfer through NIPOST in Benue, Anambra, Nasarawa

The Federal Government would soon commence payment of N5, 000 to vulnerable Nigerians in three states using the newly introduced financial services of the Nigeria Postal Services (NIPOST) for the cash transfer.

The government said the package is under the present administration’s social welfare programme to help the poor and the needy in the society.

Under the new contract, NIPOST is expected to dispense the N5000 cash to the poor in three states including Nasarawa, Benue and Anambra.

The Postmaster General and Chief Executive Officer of NIPOST , Barrister Bisi Adegbuyi made these disclosures in Oyo town during the 2018 World Post Day celebration.

He said NIPOST was able to win the contract due to its innovative programme and use of technology to advance its services to the people across the country.

He said: “For instance, the National Cash Transfer Office which caters for the vulnerable, the poor in the society awarded NIPOST the job to transfer cash to the poor.

“They give them N5000, every month and because NIPOST has transformed and leveraging on technology, we were awarded the cash disposal of N5000 in Benue, Nasarawa and Anambra.

“Who are we serving, we are serving the poor, the post is ready to deliver the goods to bring happiness.”

Alaafin of Oyo, Oba Lamidi Adeyemi commended NIPOST for its giant strides in recent years, describing the event as very significant in the history of the agency.

Speaking through his representative, Archbishop Ayo Ladigbolu, Adeyemi said NIPOST has remained the only agency that has continued to connect the people, facilitating communication and enabling the people to stay in touch.

About Dotun Roy

DotunRoy.com is a development driven news website with the overall goal of amplifying, promoting and advocating for positive societal change through Sustainable Development advocacy in line with UN SDGs components such as education, environmental sustainability and Climate Change, Human Rights, health, finance, housing, good governance as well as security in Nigeria and across the world.


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