By Mohammed Bello Doka
The Federal Government of Nigeria has approved ₦4 billion for conditional cash transfers to support vulnerable households across the country. This initiative, announced by the Minister of Humanitarian Affairs and Poverty Reduction, Professor Nentawe Yilwada, targets at least 10 million displaced and struggling families nationwide, with a special focus on those in the conflict-ridden Northeast.
Set to commence in February and continue through April, the program will provide direct financial relief to households severely impacted by displacement, economic hardship, and insecurity. Internally displaced persons (IDPs), returnees, and other vulnerable groups have been prioritized as beneficiaries.
The Federal Government has also allocated an additional ₦2 billion for interest-free loans to farmers in rural areas. These loans, ranging between ₦300,000 and ₦400,000 per household, aim to enhance food security by enabling farmers to purchase necessary tools, seeds, and fertilizers, while creating access to market opportunities for their produce.
Professor Yilwada described the program as a cornerstone of President Bola Ahmed Tinubu’s administration's efforts to alleviate poverty and reduce the socio-economic challenges faced by ordinary Nigerians. “This program is a testament to our unwavering commitment to uplifting the vulnerable and addressing the root causes of poverty in Nigeria,” the Minister said while unveiling the initiative.
The cash transfer program is modeled on global examples, such as Brazil’s Bolsa Família and India’s Direct Benefit Transfer programs, both of which have significantly improved household welfare and reduced poverty. Experts argue that Nigeria's version, if properly implemented, could achieve similar success by stimulating local economies and empowering beneficiaries.
This intervention comes amid growing public concerns over the removal of fuel subsidies and the subsequent rise in inflation. While commending the government for its proactive approach, civil society organizations have urged transparency in disbursing the funds to ensure they reach those most in need.
As the rollout approaches, citizens remain optimistic that the initiative will not only provide immediate relief but also create pathways for economic recovery and stability for Nigeria's most vulnerable populations.
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“The FG’s cash transfer program is not just a response to hardship; it is a beacon of hope for millions seeking a better future,” the Minister concluded, reiterating the government’s resolve to prioritize social welfare initiatives.
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