Federal Government Launches N50,000 Monthly Aid Program
The Federal Government has initiated a monthly cash support program, the National Emergency Relief and Stabilisation Intervention (NERSI), aimed at providing N50,000 to vulnerable households in Nigeria. This initiative, announced by the Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, is designed to mitigate the effects of global food inflation and the increasing costs of essential goods.
Eligible beneficiaries will receive this financial assistance monthly to help meet their essential needs and alleviate the financial strain caused by rising living costs. Doro stated that the program would undergo regular reviews to adapt to changes in living costs, with beneficiaries being directly informed of any adjustments.
The ministry is collaborating with licensed digital financial service providers to ensure secure, prompt, and transparent payment delivery. Beneficiaries will receive text messages from these providers to obtain their consent before funds are deposited into their bank accounts or mobile wallets.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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