Federal Government Launches ₦50,000 Grant Access via Moniepoint

The Federal Government has launched the National Emergency Relief and Stabilisation Intervention (NERSI), providing a ₦50,000 grant to support vulnerable households facing economic pressures. Nigerians can check their eligibility and access payments through various financial service providers, including Moniepoint Microfinance Bank, OPay, ALAT by Wema, MoMo Payment Service Bank, and NairaGram.

Having an account with these platforms does not guarantee qualification for the grant. Moniepoint has introduced a USSD service for customers to check their eligibility, particularly benefiting those with basic mobile phones or limited internet access.

The USSD code for Moniepoint is *557#. Other participating platforms have their respective codes: ALAT by Wema (*945*23#), MoMo PSB (*671*0#), NairaGram (*726*00#), and OPay (*955*20#).

Beneficiaries are identified through the National Social Register, with priority given to economically vulnerable households. Payments are processed in phases, and individuals not selected should not assume permanent exclusion.