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FG Approves ₦4 Billion Cash Transfer Payment To Vulnerable Nigerians

The Next Edition by The Next Edition
January 24, 2025
in Headline News
Tinubu Signs 3 Executive Orders, Suspends Green Tax
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Federal Government has approved ₦4 billion cash transfer payments to vulnerable Nigerians.

The Next Edition reports that President Bola Tinubu-led government has approved a ₦4 billion allocation for conditional cash transfers aimed at supporting vulnerable households across Nigeria, particularly those displaced by conflict and other crises.

The announcement was made on Thursday by the Minister of Humanitarian Affairs and Poverty Reduction, Professor Nentawe Yilwada, during the launch of the 2025 Nigeria Humanitarian Needs and Response Plan (HNRP) at the United Nations House in Abuja.

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The initiative, set to run from February through April, will provide financial aid to at least 10 million displaced households nationwide, with a focus on those most in need.

Yilwada said, “We are prioritising women, especially widows, pregnant women, and those with disabilities.

“The experiences of displaced women, particularly those facing pregnancy or disability, are especially challenging. We understand these vulnerabilities and will continue to support those who are most in need.”

Details Of The Cash Transfers
According to the minister, the cash transfer initiative has been approved by President Tinubu to support displaced families, particularly in the conflict-affected Northeast.

 

“The President has approved the Ministry’s plan to begin paying conditional cash transfers to 10 million displaced households between February and April. This initiative aims to support those most in need, particularly vulnerable families affected by displacement,” Yilwada explained.

 

Beyond the cash transfers, the government has also approved ₦2 billion for interest-free loans to farmers in rural areas, designed to boost food production and self-sufficiency.

“These loans will range from ₦300,000 to ₦400,000 per household, helping farmers access necessary resources and linking them to market opportunities,” Yilwada said.

The minister noted that the government’s broader strategy includes targeted relief for families impacted by natural disasters and other crises, as part of efforts to alleviate poverty.

“A ₦4 billion provision has been approved to support vulnerable groups through cash transfers, targeting families affected by natural disasters and other crises,” he added.

The 2025 HNRP was developed through extensive consultations and is designed to address the humanitarian needs of conflict-affected regions, including Borno, Adamawa, and Yobe states.

“We are combining the efforts of humanitarian, developmental, and peacebuilding platforms to ensure long-term resilience and sustainable solutions for these communities,” Yilwada stated.

The minister reaffirmed the government’s commitment to addressing the needs of internally displaced persons (IDPs), returnees, and other affected communities, ensuring that interventions are impactful and sustainable.

Tags: Bola Tinubu
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