The federal government has announced the termination of contracts of two payment service providers (PSP) for failing to meet up with the agreement for conditional cash transfer (CCT) to poor households in four states.
Minister of humanitarian affairs, disaster management and social development, Sadiya Farouq who disclosed the termination of the contract with Data Mining Company and Innovative NIPOST, said it was done in line with the World Bank procurement guidelines to ensure that payments of N20,000 stipends to beneficiaries in poor and vulnerable households starts on or before April 28.
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Sadiya further disclosed that the affected states are Bayelsa, Akwa Ibom, Abia, and Zamfara.
She said;
“The Federal Government cannot accept delays in the current payment round of N20,000 stipends to beneficiaries in poor and vulnerable households under any excuse in the four states or any other state of the federation.
“The failure of any payment service providers to meet their contractual agreement is unacceptable.
“The Federal Government through the Ministry cannot allow contractors to derail the immediate CCT to the poor and the vulnerable.”
