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Nigeria to pay vulnerable households 50,000 naira a month

By , based on ThisDay

Nigeria to pay vulnerable households 50,000 naira a monthIllustrative image · MUHAMMAD MUKTAR · Pexels · Licence Pexels

The Nigerian government will pay vulnerable households 50,000 naira a month under the NERSI programme. The aid, intended to cushion rising living costs, will be paid directly into bank accounts or mobile wallets, with no application or fees, according to Minister Bernard Doro.

The Nigerian federal government has begun the monthly payment of 50,000 naira to vulnerable households under the National Emergency Response and Stabilisation Initiative (NERSI). The Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, announced this on Thursday in Abuja in a ministry statement.

The amount will be regularly reassessed according to changes in the cost of living, and beneficiaries will be informed before any change, Bernard Doro said. Payments will be made directly into bank accounts or mobile wallets by approved digital financial service providers, after a message requesting beneficiaries’ consent has been sent. No application, registration with an agent or fee is required to access the scheme, according to the minister.

The ministry warned against scams and asked beneficiaries not to disclose their personal identification number or bank verification number. The intervention is presented as a complement to federal social protection and economic support programmes, amid rising prices for food and essential goods, according to Bernard Doro.

The launch follows several social measures announced in Nigeria, including free healthcare for low-income pensioners on 29 October and the release of 11.99 billion naira for the most vulnerable, announced on the same day by Oluremi Tinubu. It also follows the coordination of humanitarian aid and the fight against poverty announced by the Nigerian authorities on 30 October, according to the humanitarian coordination scheme.

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