FG rolls out N50,000 cash relief for vulnerable Nigerians

The federal government has introduced a monthly cash relief programme, providing N50,000 to vulnerable households to alleviate the strain of increasing living expenses. Dr Bernard Doro, Minister of Humanitarian Affairs and Poverty Reduction, announced the initiative, stating it was a presidential project to provide immediate financial aid to millions of Nigerians.

The National Emergency Relief and Stabilisation Intervention (NERSI) was launched in response to global food inflation and rising costs of essential commodities, which continue to strain households. Beneficiaries will receive N50,000 monthly, directly assisting them in meeting their basic needs and easing the burden of escalating living costs.

The programme will be periodically reviewed to accommodate changes in the cost of living, with beneficiaries informed ahead of any adjustments. The ministry is collaborating with licensed digital financial service providers to ensure the secure, timely, and transparent transfer of funds. Recipients will receive text messages from the providers, requesting their consent before funds are deposited into their bank accounts or mobile wallets.

Doro emphasized that beneficiaries would not need to apply, pay any fees, or register through agents to access the intervention. He cautioned against fraudsters, urging beneficiaries not to share their personal identification numbers (PINs) or Bank Verification Numbers (BVNs) with anyone.