…as National Cash Transfer Office plans to pay to beneficiaries at Ward level
Following the decision of the National Cash Transfer Office (NCTO) to embark on payment of monthly stipends to beneficiaries at Ward levels in states across the Federation, Ekiti State Government is set to empower youths to activate agency banking across the 16 Local Government Areas of the State.
According to this development, the State Government will partner with Unified Payment (UP), a virtual payment platform by the Federal Government to empower as hundreds of youths in the State. This will further ease the collection of money by beneficiaries, while fast-tracking payment process by the NCTO in the State.
According to the Special Adviser on Social Investment to Ekiti State Governor, Barrister Victor Kolade, the new initiative by NCTO has provided an opportunity for the State Government to further engage Ekiti youths in the Central Bank’s financial inclusion policy which promotes employment, empowerment, and entrepreneurship in the State.
Barrister Kolade made this submission while speaking in a meeting with the Representative of UP in Ekiti State, Mr Taiwo Odebunmi; Payment Officer of NCTO in Ekiti State, Mr Adewole Ebenezer; and Senior Special Assistant to the Governor on Political Affairs, Mr Garba Arogundade.
“His Excellency, Dr Kayode Fayemi has provided numerous avenues to implement youth development programmes and I am sure this is going to be a great addition. This programme will no doubt, provide succour to teeming youths of the State and we are willing to work closely with UP and the NCTO to achieve this feat,” he said.
The SSA on Political Affairs also assured that the government is ready to work with UP and the NCTO in achieving its goal, stressing that the Governor Fayemi led administration is willing to explore relevant opportunities to empower the youths.
Odebunmi highlighted the advantages of the Unified Payment platform, noting that Agents will not only pay dividends to beneficiaries but also carry out other financial services to make more profit. He said that the platform will enable them operate as bankers working outside the traditional walls of the banking hall.
NCTO Payment Officer, Mr Adewole implored the UP Management and the EKSG officials to ensure plans are concluded and duly executed in due time, saying that the State Cash Transfer Office is willing to provide necessary support to implement the new Ward level payment policy.