Nigeria's Government Allocates N658.9 Billion for Cash Transfers

The Federal Government disbursed N658.9 billion in direct cash transfers to 10.46 million poor and vulnerable households by September 2026, as reported by the World Bank in its latest Nigeria Development Update. The program employs biometric and digital verification to identify beneficiaries and deliver payments.

The World Bank indicated that the program's impact hinges on expanding coverage, improving the adequacy of transfers, and ensuring regular payments. It recommended a transition from emergency support to a sustainable social protection system, supported by dedicated federal and state budget allocations and increased government funding.

The report also pointed out that while cash transfers can help alleviate economic pressures, they must reach more people and provide consistent support to improve welfare. The findings reflect ongoing concerns regarding the effectiveness of Nigeria's social intervention programs, with millions of vulnerable households still unreached.

The report underscores the necessity for reliable public funding to support a broader social protection system.