Moniepoint Details N50,000 Cash Support Selection Process

Moniepoint has explained the selection process for beneficiaries of the N50,000 monthly cash support under the National Economic Recovery and Support Initiative (NERSI). The government selects beneficiaries from the National Social Register and verified national identity records.

Phone numbers linked to these records are used to send SMS notifications to individuals without requiring them to submit separate applications. The selection process relies entirely on existing government databases, and no agents or third parties can add names to the list.

Payments are being distributed in phases across Nigeria's six geopolitical zones, meaning that individuals who have not yet received notifications may still qualify in later batches. Notifications are sent by participating payment providers, including ALAT by Wema Bank (NGX: WEMABANK), MoMo PSB, and NairaGram.

Each SMS includes instructions and a USSD code for claiming the funds. The process is designed to be accessible, requiring only basic mobile phones and no internet connection.

Beneficiaries can check their eligibility or re-accept payments if they mistakenly decline.