The World Bank granted an $800 million loan as a palliative for the fuel subsidy which People With Disabilities may have the option of having cash sent to them at home during implementation.
This was stated in the document Payment delivery modalities for NASSP-SU from the World Bank website.
The paper states that individuals with disabilities have the option of having cash delivered to them at home or having someone else open an account on their behalf for the monthly cash transfer.
“Beneficiaries with special needs, such as people with disabilities, may appoint a representative person to open the account on their behalf, or the project will establish a dedicated process for in-cash home delivery,” the document stated in part.
The document underlined the necessity for different delivery mechanisms to disperse support grants, noting that around half of the studied beneficiary population lacked a bank account.
However, it was proposed that among other advantages, the use of digital financial services should promote financial inclusion.
“DFS could make regular and prompt payments to beneficiaries, reaching the targeted beneficiaries,” the letter continued. It guarantees thorough coverage of the targeted population to stop money from leaking out and payments from being made twice.
The documents stated that recipients may use the money they have deposited to pay bills, make purchases with electronic payments, or transfer money electronically.
The research continued, “The PSPs may push the client to spend the funds on digital payment use cases to lower the cash turnover.
“While the majority of beneficiaries use standard procedures, those with special needs, such as those with disabilities, may benefit from specialized home cash delivery service.”
The Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development would carry out the $800 million programme.
The Federal Government intended to deploy Point-of-Sales agents for cash transfers during the NASSP-SU.
The Central Bank of Nigeria recommended using eNaira for cash transfers during the program, in an effort to promote a cashless economy.
