Nigerians Start Accessing N50,000 Monthly Cash Support

The federal government has initiated the N50,000 monthly cash support programme for vulnerable households, facilitated by the National Emergency Relief And Stabilisation Intervention (NERSI). Beneficiaries can access their funds through various approved financial service providers.

Payments are credited to designated wallets, allowing beneficiaries to withdraw cash or transfer funds to bank accounts. They can visit nearby Point of Sale (POS) operators to withdraw cash by transferring funds from their wallets using the relevant provider's USSD code or mobile application.

Alternatively, beneficiaries can transfer funds directly to their commercial bank accounts, enabling access through regular banking channels. Specific providers like ALAT by Wema Bank (NGX: WEMABANK), MoMo PSB, and NairaGram offer assistance through their respective networks.

Beneficiaries are advised to confirm available withdrawal services and applicable charges with their providers and to safeguard their PINs and one-time passwords. The programme does not require any registration or processing fees.