MoMo Agent: YDFS partners Mercy Corps to deliver cash transfers to vulnerable households in Yobe state thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
The Mercy Corps’ ‘Building Resilience in Complex Crisis (BRICC)’ programme funded by the European Union, has signed a new partnership with Y’ello Digital Financial Services, owners of the MoMo Agent Network, a subsidiary of MTN Nigeria, to efficiently deliver automated cash transfers and provide an avenue for programme participants with or without bank accounts to receive funds.
The partnership will kick-start the use of MoMo Agent in the distribution of conditional and unconditional cash transfers to 14,270 households in Damaturu and Potiskum LGAs in Yobe state.
The European Union is funding Mercy Corps to implement an array of early recovery interventions across North-east Nigeria which involves cash assistance to vulnerable households and young people to help restore and improve livelihoods, making them more resilient to conflict and climate shock and stress.
“Of the participants that will be given cash transfers, 1,570 youths will receive funds to help them start a business after undergoing vocational training like automobile repairs, agribusiness, fashion designing, food business, and phone repairs, among others,” said Byamukama during the signing ceremony in Abuja.
The Country Director of Mercy Corps, Ndubuisi Anyawu, said the partnership was to ensure the financial inclusion of victims of the conflict in Northeast in a safe and dignified way.
The CEO, Y’ello Digital Financial Services, Usoro Usoro, said his organisation is committed to ensuring that every Nigerian is able to seamlessly access financial services for their personal and business needs.
The Issue
For too long, U.S. foreign policy has been reactive to violent conflict, deploying troops and civilians at great cost. It is time to refocus on preventing violent conflict and mitigating the adverse effects of fragility. Failure to do so could result in an even more chaotic world and hamper the Biden administration s priorities of renewing democracy, managing the relationship with China and other geostrategic competitors, and addressing climate change.
The Global Fragility Act (GFA) is a real opportunity for the United States to shift how it
approaches violent conflict prevention and mitigation in direct service of the Biden-Harris administration’s foreign policy objectives. Such a shift is critical to achieving these objectives.