The federal authorities has commenced a monthly cash aid programme, providing N50,000 to vulnerable households to cushion the consequences of rising residing prices.
The Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, introduced this in an announcement issued on Friday in Abuja.
Mr Doro mentioned the National Emergency Relief and Stabilisation Intervention (NERSI) is a presidential initiative aimed toward offering quick monetary help to tens of millions of vulnerable Nigerians.
He defined that the intervention was launched in response to world meals inflation and the rising value of important items, which had continued to put strain on family incomes.
“Under this intervention, eligible beneficiaries will receive N50,000 monthly, providing direct assistance to help meet essential needs and ease the burden of living costs,” he mentioned.
The minister mentioned the programme can be reviewed periodically to mirror adjustments in the price of residing, including that beneficiaries can be notified immediately earlier than any changes had been made.
According to him, the ministry is collaborating with licensed digital monetary service suppliers to guarantee safe, well timed and clear disbursement of the funds.
He defined that beneficiaries would obtain textual content messages from the service suppliers looking for their consent earlier than funds had been made immediately into their financial institution accounts or cell wallets.
Mr Doro emphasised that beneficiaries weren’t required to submit functions, pay charges or register via brokers to entry the intervention.
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He additionally warned Nigerians towards fraudsters, urging them not to disclose their Personal Identification Numbers (PINs) or Bank Verification Numbers (BVNs) to anybody.
“If you are unsure about any message, or anyone asks you for money, call the official NERSI helpline on 0700-022-2222,” he mentioned.
The minister described NERSI as complementary to current federal authorities social safety and financial help programmes, noting that it was designed to strengthen family resilience and promote financial stability.
He added that the intervention aligned with President Bola Tinubu’s Renewed Hope Agenda and reaffirmed the ministry’s dedication to implementing the programme with dignity, transparency and accountability.
(NAN)
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