Ibeju-Lekki Council Disburses ₦100,000 Each to 4,000 Residents Under Conditional Cash Transfer Scheme

The Ibeju-Lekki Local Government Area of Lagos State has launched a Conditional Cash Transfer (CCT) program aimed at supporting vulnerable residents, small business owners, and unemployed youths.

Under the initiative, 4,000 beneficiaries will each receive ₦100,000 to cushion the effects of the current economic hardship.

Speaking at the program’s inauguration on Tuesday, the Executive Chairman of Ibeju-Lekki LGA, Hon. Sesan Olowa, said the initiative is part of efforts to align local governance with President Bola Tinubu’s Renewed Hope Agenda, which emphasises economic recovery and grassroots empowerment.

“This scheme is designed to support small businesses, empower our youth, and assist the less privileged in Ibeju-Lekki,” Mr. Olowa said.

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According to the chairman, over 11,000 residents applied through both community and online registration platforms. After a thorough verification process, 4,000 individuals were shortlisted for the program.

“The selection process was transparent,” Mr. Olowa affirmed.
He noted that the beneficiaries include women, unemployed youths, persons with disabilities, and residents with medical conditions.

The Conditional Cash Transfer program will run for 20 months, with 260 beneficiaries receiving their funds during the first phase. All selected participants are expected to benefit under a structured, fair disbursement plan.

“Today, 260 beneficiaries receive the first phase; all 4,000 will benefit within 20 months under a fair disbursement plan,” Olowa said.

In a bid to promote transparency and financial discipline, the local government issued ATM cards to beneficiaries, ensuring cashless transactions and accountability.

Mr. Olowa emphasized that this approach will prevent diversion of funds and allow easy monitoring of payments.