<\/p>\n
The Federal Government, through the Ministry of Humanitarian Affairs, Disaster Management and Social Development, has embarked on the disbursement of monthly stipends, using debit cards, to 15,562 poor and vulnerable persons in Osun.<\/span><\/strong><\/p>\n <\/p>\n According to the News Agency of Nigeria, at the Boripe Local Government Secretariat, on Tuesday, 187 vulnerable persons were issued Debit Cards for the payment of their monthly stipends.<\/span><\/p>\n <\/p>\n Osun Coordinator of Household Uplifting Programme-Conditional Cash Transfer,\u00a0Iyabo Ayofe, explained that the FG has now digitalised the payment system.<\/span><\/p>\n <\/p>\n Ayofe told the beneficiaries that their stipends would be paid\/loaded on the debit cards henceforth, stating that they can always withdraw their money on any Point of Sales machine or Automated Teller Machines at any time.<\/span><\/p>\n <\/p>\n She said that the debit card has now erased the \u201ccash by hand\u201d mode of payment, and that anytime the beneficiaries are notified of payment, they can go to the ATM or use the POS closer to them to collect their money.<\/span><\/p>\n <\/p>\n \u201cThe cards being issued to beneficiaries today are preloaded with N30,000 for the payment of the backlog of 2020 stipends.<\/span><\/p>\n <\/p>\n \u201cAbout 4,000 of the beneficiaries, however, would have more than N30,000 loaded on their cards because these categories of beneficiaries have additional health expenses and dependants like pregnant women, breastfeeding mothers and those with children from zero to five years.<\/span><\/p>\n <\/p>\n \u201cThis digitalisation mode of payment makes payment easy, eliminates attack on beneficiaries by criminals and makes it easier for beneficiaries to withdraw their money wherever they are, at any point in time,\u201d she said.<\/span><\/p>\n <\/p>\n She, however, said the distribution of the debit cards to beneficiaries would only cover eight local government areas (as the pilot phase), but would be extended to the remaining 22 local government areas and area offices subsequently.<\/span><\/p>\n (NAN)<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" The Federal Government, through the Ministry of Humanitarian Affairs, Disaster Management and Social Development, has embarked on the disbursement of monthly stipends, using debit cards, to 15,562 poor and vulnerable persons in Osun. According to the News Agency of Nigeria, at the Boripe Local Government Secretariat, on Tuesday, 187 vulnerable persons were issued […]<\/p>\n","protected":false},"author":5,"featured_media":1789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[15,4],"tags":[1013,92,1016,1014,1015],"class_list":["post-1788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-economy","tag-debit-cards","tag-fg","tag-osun","tag-payment-of-stipends","tag-vulnerable-people"],"yoast_head":"\n