Firstmonie, the mobile banking service from FirstBank, has been selected by the Office of the Senior Special Assistant to the President on the Millennium Development Goals, MDGs, to disburse funds of Conditional Cash Transfer programme aimed at increasing human capital development of the poor in the country.
The CCT programme, which is specifically targeted at addressing the needs of qualified core poor households, would give them access to funds that will improve their lives and that of their children. It is designed to provide cash grants to the extremely poor and vulnerable households as a form of investment in human capital development in pursuit of Nigeria’s move to alleviate poverty in attainment of the 2015 deadline for the MDGs goals.
Speaking on the development, the Head, Mobile Financial Services (Firstmonie), Mike Ogbalu said “We are delighted that Firstmonie has been selected to fulfil this noble cause of mitigating poverty and improving the lot of the less privileged in our society.
