The Federal Government has announced an ambitious expansion of its conditional cash transfer program, aiming to provide financial support to over 19 million vulnerable households across Nigeria.
This initiative is part of the government’s broader strategy to mitigate the adverse effects of inflation and the removal of fuel subsidies on low-income families.
Program Overview and Funding
The expanded cash transfer program is financed by an $800 million loan from the World Bank and is managed by the National Social Safety-Nets Coordinating Office (NASSCO), under the Federal Ministry of Humanitarian Affairs and Poverty Alleviation.
The initiative utilizes digital tools, including biometric verification and electronic payment systems, to ensure transparency and efficiency in fund distribution. Beneficiaries receive monthly payments of ₦25,000, disbursed directly into their bank accounts or mobile wallets.
Implementation and Reach
As of January 2025, the program had reached 32.21 million Nigerians, with a significant proportion of beneficiaries being women.
The National Social Register now includes verified information on approximately 20 million households and 70 million individuals, facilitating the identification of eligible recipients.
The expansion aims to further increase the number of beneficiaries, ensuring that no qualified vulnerable Nigerian is left behind.
Challenges and Future Outlook
Despite the program’s successes, challenges such as implementation delays, political and macroeconomic risks, and the need for beneficiary satisfaction surveys persist.
The government remains committed to addressing these issues to enhance the program’s effectiveness and sustainability.
If the current pace of implementation continues, the number of cash transfer beneficiaries could reach 56 million by December 2025.
Conclusion
The expansion of Nigeria’s cash transfer program represents a significant step toward social inclusion and poverty alleviation.
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By leveraging digital technologies and international funding, the government aims to provide timely and targeted financial assistance to those most in need, fostering resilience and economic stability among vulnerable populations.
