FG’s N658.9 billion cash transfers reach 10.46 million households, World Bank flags gaps

The Federal Government dispersed N658.9 billion in direct cash transfers to 10.46 million poor and vulnerable households by September 2026, as reported by the World Bank’s latest Nigeria Development Update. The programme utilizes biometric and digital verification to identify beneficiaries and disburse payments, though its impact hinges on expanding reach, enhancing transfer adequacy, and ensuring timely payments.

The World Bank urged a transition from emergency support to a sustainable social protection system, advocating for dedicated federal and state budget allocations and gradually escalating government funding. Cash transfers and other social protection measures can alleviate households from economic pressures, according to the World Bank. However, they emphasized the necessity for broader coverage and consistent support to elevate welfare.

The World Bank's recommendations underscore the importance of ensuring that cash assistance provides reliable support to vulnerable households, rather than functioning solely as a temporary remedy. The report comes amid ongoing concerns over the reach and efficacy of Nigeria’s social intervention programmes. Nairametrics previously highlighted that the Federal Government pledged millions of naira to social interventions in 2025, yet millions of vulnerable households remained unassisted.

Gaps in productive opportunities, school readiness, and learning outcomes persist as challenges that could influence poverty reduction rates.

Nigeria aims for 7% economic growth in 2027, surpassing the International Monetary Fund’s 4.3% projection, as the government strives to expedite reforms and reduce inflation to stimulate business activity. The growth objective follows the need to improve living standards while broadening social protection for impoverished and vulnerable households.

The World Bank's findings indicate that cash transfers represent only one facet of a comprehensive strategy to enhance welfare. Achieving sustained progress will also depend on bolstering education and health outcomes, augmenting access to essential services, and establishing a social protection system underpinned by dependable public funding.