Federal Government Unveils N50k Monthly Cash Support Steps
The Federal Government has introduced a programme to provide N50,000 monthly cash support to vulnerable households in Nigeria. Beneficiaries will receive a text message notifying them of their selection and must respond with "YES" to confirm their participation.
This confirmation is essential for processing payments. Once confirmed, a digital wallet will be created linked to the beneficiary's phone number and National Identification Number, allowing them to access the funds.
Payments can be withdrawn through point-of-sale (POS) agents, banks, or spent directly from the digital wallet. Beneficiaries will receive SMS instructions on accessing their funds once credited.
The participating payment providers include ALAT by Wema, MoMo PSB, NairaGram, OPay, and Moniepoint, with specific USSD codes provided for each service. The government warns against scams and emphasizes that no application fees or sensitive banking information is required to participate in the programme.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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