Federal Government outlines N50,000 grant acceptance process

The Federal Government's N50,000 National and Stabilisation Intervention (NERSI) fund requires beneficiaries to actively accept payment before any funds are credited to their mobile wallets. The Federal Ministry of Humanitarian Affairs and Poverty Reduction clarified that disbursement occurs only after a beneficiary gives consent.

The process starts with an SMS from one of five approved payment providers. Beneficiaries must confirm the SMS's authenticity and dial the provided USSD code using their registered phone number.

After following the instructions and confirming consent, a mobile wallet will be opened, and the full N50,000 will be credited. Beneficiaries are advised that the amount is not a loan and does not require repayment, although standard withdrawal fees may apply.

They are warned against fraud and should not share personal information or pay fees to access the funds. For suspicious messages, beneficiaries should contact their payment provider or the NERSI helpline.