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FG approves N4bn for conditional cash transfer

Chima by Chima
January 23, 2025
in Business, National, News, News, Politics
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The Federal Government has approved a conditional cash transfer of 4 billion Naira to support vulnerable households.

The government has also approved N2 billion in interest-free loans to support farmers, particularly those in rural areas, with the aim of enhancing food production and achieving self-sufficiency.

During the unveiling of the 2025 Nigeria Humanitarian Needs and Response Plan at the United Nations House in Abuja on Thursday, Professor Nentawe Yilwada, the Minister of Humanitarian Affairs and Poverty Reduction, revealed a series of initiatives designed to tackle the escalating humanitarian crisis in the country.

This initiative aims to assist a minimum of 10 million displaced households, focusing particularly on the most vulnerable segments of society.

The cash transfer program is scheduled to begin in February and run until April, with the aim of addressing the urgent needs of families impacted by displacement, especially in the Northeast.

The minister said, “We are prioritising women, especially widows, pregnant women, and those with disabilities. The experiences of displaced women, particularly those facing pregnancy or disability, are especially challenging. We understand these vulnerabilities and will continue to support those who are most in need.

“The President has approved the Ministry’s plan to begin paying conditional cash transfers to 10 million displaced households between February and April. This initiative aims to support those most in need, particularly vulnerable families affected by displacement.

“Additionally, the government has allocated N2bn to provide interest-free loans to farmers in rural communities. These loans will range from N300,000 to N400,000 per household, helping farmers access necessary resources and linking them to market opportunities.

“Furthermore, a N4bn provision has been approved to support vulnerable groups through cash transfers, targeting families affected by natural disasters and other crises. These interventions are part of the government’s broader strategy to alleviate poverty and provide relief to those in urgent need.

“We are combining the efforts of humanitarian, developmental, and peacebuilding platforms to ensure long-term resilience and sustainable solutions for these communities.”

Tags: conditional cash transferFG approves N4bn
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Comments 1

  1. IZUNDU FRANCISCA CHIKA says:
    2 years ago

    Thank you Mr president for this interesting opportunity. It will help me to feed my family and for school fees of my five children. Thank you once more my president.

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