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The News Agency of Nigeria (NAN) reports that the CCT is one of the four Social Investment Programmes (SIP) of the Federal Government.
NAN reports that CCT is a programme initiated by the federal government to reduce poverty through payment of a monthly stipend of N5,000 to each registered vulnerable beneficiary.
The programme is focused on responding to deficiencies in capacity and lack of investment in human capital, especially amongst the poorest citizens.
It is also designed to deliver timely and accessible cash transfers to beneficiaries and support development objectives and priorities to improve household consumption.(NAN)