World Bank Urges Nigeria to Enhance Cash Transfer Program

The World Bank has called on the Federal Government of Nigeria to improve its cash transfer scheme following the disbursement of N658.9 billion to 10.46 million poor and vulnerable households by September 2026. In its latest Development Update, the World Bank recommended that the next phase of the program should focus on reaching more households, ensuring adequate assistance, and making disbursements more regular.

The report highlighted that the federal government utilized biometric checks and digital systems for beneficiary identification and fund distribution. However, the bank cautioned that the program's success would depend on the number of households receiving assistance, the adequacy of payments, and the consistency of disbursements.

The World Bank urged authorities to expedite implementation and ensure support reaches more eligible households, advocating for dedicated funding for social protection programs. A coordinated approach between federal and state governments was recommended to enhance beneficiary identification and program monitoring, establishing a sustainable social protection framework amid ongoing economic pressures in Nigeria.