FG begins N50,000 relief payments to vulnerable Nigerians
The Federal Government has commenced the disbursement of N50,000 monthly cash relief to vulnerable Nigerians to cushion the effects of rising living costs. Read More: https://punchng.com/fg-begins-n50000-relief-payments-to-vulnerable-nigerians/
The Federal Government has initiated a cash relief programme, providing N50,000 monthly to vulnerable Nigerians under the National Emergency Relief and Stabilisation Intervention. Minister of Humanitarian Affairs and Poverty Reduction, Dr Bernard Doro, announced the start of the scheme on October 30, describing it as a presidential move to offer immediate financial assistance to those in need.
The intervention aims to alleviate the impact of rising food prices and the high cost of essential goods on households, with eligible recipients receiving N50,000 monthly. The ministry is collaborating with licensed digital financial service providers to ensure secure and transparent fund distribution. Beneficiaries will receive an SMS from one of the providers (ALAT by Wema, MoMo PSB, NairaGram, OPay, or Moniepoint) to consent to the payment, which will be made directly to their account or mobile wallet.
While the Youth Economic Intervention and De-radicalisation Programme (YEIDEP) reported ongoing payments under NERSI, they advised those who had not received notifications but met the eligibility criteria to remain patient. Doro cautioned against fraudsters and urged Nigerians not to share personal identification numbers or Bank Verification Numbers with anyone.
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