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Nigerian Government Offers ₦50,000 Support via MoMo PSB

Nigerian Government Offers ₦50,000 Support via MoMo PSB

The federal government of Nigeria has launched a ₦50,000 National Emergency Relief and Stabilisation Intervention (NERSI) to assist poor and vulnerable households facing rising living costs. This initiative is coordinated by the Federal Ministry of Humanitarian Affairs and Poverty Reduction and utilizes MoMo Payment Service Bank (PSB) as one of the five approved payment providers.

Eligible beneficiaries can check their status and accept the payment using a USSD code (*671*0#) without needing internet access. The process involves confirming eligibility, following prompts, accepting the support, and receiving payment via their mobile wallet.

Beneficiaries are selected based on verified national identity records and the National Social Register, and the government warns that having a MoMo PSB account does not guarantee selection. Payments are rolled out in phases, and beneficiaries are advised to be cautious of scams.

There are no fees associated with receiving the support, and for inquiries, beneficiaries can contact the NERSI helpdesk at 0700-022-2222.

Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.

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