Federal Government Launches ₦50,000 Support via Wema Bank

The Federal Government has introduced a ₦50,000 National Emergency Relief and Stabilisation Intervention (NERSI) to assist poor and vulnerable households impacted by rising living costs. This initiative is coordinated by the Federal Ministry of Humanitarian Affairs and Poverty Reduction and utilizes ALAT, the digital banking platform of Wema Bank (NGX: WEMABANK), as one of five approved payment providers.

Selected beneficiaries can check their eligibility and accept the payment using a USSD service without needing internet access. To access the funds, users must dial *945*23# from their registered mobile number, follow the prompts to check eligibility, consent to receive the grant, and confirm payment via SMS notification.

The government emphasizes that having an ALAT account does not guarantee eligibility, as beneficiaries are chosen from verified national identity records and the National Social Register. Payments are made in phases, and beneficiaries are warned against fraudsters seeking personal banking information.