Saturday, October 31, 2026 -The Federal Government will begin a monthly cash transfer programme that will pay N50,000 to selected vulnerable households.
The payment is intended to ease the pressure of rising
living costs.
Minister of Humanitarian Affairs and Poverty Reduction,
Bernard Doro disclosed this in a statement on Friday.
Doro said the scheme, called the National Emergency Relief
and Stabilisation Intervention, NERSI, is a presidential initiative aimed at
providing short-term financial support to millions of vulnerable Nigerians.
“Under this intervention, eligible beneficiaries will
receive N50,000 monthly, providing direct assistance to help meet essential
needs and ease the burden of living costs,” he said.
The government linked the programme to ongoing food
inflation and said it forms part of President Bola Tinubu’s Renewed Hope
Agenda.
According to the ministry, beneficiaries will receive a text
message from the payment providers asking for their consent before money is
sent directly to their bank accounts or mobile wallets.
The minister also cautioned that the programme does not
require applications, fees, or registration through agents.
He advised people not to share their PINs or BVNs with
anyone, warning against possible fraud.
The ministry said it intends to run the intervention with
transparency and accountability.
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