FG Rolls Out ₦50,000 Monthly Payments to Vulnerable Households
The Federal Government has commenced a monthly cash relief programme offering ₦50,000 to vulnerable households to cushion the impact of rising living costs.
The Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, announced this in a statement issued on Friday in Abuja.
Doro said the National Emergency Relief and Stabilisation Intervention (NERSI) was a presidential initiative designed to provide immediate financial assistance to millions of vulnerable Nigerians.
He explained that the intervention was introduced in response to global food inflation and rising prices of essential goods, which continued to put pressure on household finances.
“Under this intervention, eligible beneficiaries will receive ₦50,000 monthly, providing direct assistance to help meet essential needs and ease the burden of living costs,” he said.
The Minister said the programme would be reviewed regularly in response to changes in the cost of living, with beneficiaries notified directly before any adjustments were made.
He added that the ministry was working with licensed digital financial service providers to ensure the secure, prompt, and transparent disbursement of the funds.
According to him, beneficiaries would receive text messages from the service providers seeking their consent before payments were made directly into their bank accounts or mobile wallets.
Doro stressed that beneficiaries were not required to apply, pay any fees, or register through agents to access the intervention.
He warned Nigerians to beware of fraudsters, advising beneficiaries not to disclose their personal identification numbers (PINs) or Bank Verification Numbers (BVNs) to anyone.
“If you are unsure about any message, or anyone asks you for money, call the official NERSI helpline on 0700-022-2222,” he said.
The Minister said NERSI complemented existing Federal Government social protection and economic support programmes, while strengthening household resilience and economic stability.
He added that the intervention aligned with President Bola Tinubu’s Renewed Hope Agenda and reaffirmed the ministry’s commitment to implementing the programme with dignity, transparency, and accountability.
