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 geared toward offering quick monetary assist to tens of millions of vulnerable Nigerians.
He defined that the intervention was launched in response to international meals inflation and the rising value of important items, which had continued to put stress 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 could be reviewed periodically to replicate modifications in the price of residing, including that beneficiaries could be notified instantly earlier than any changes have 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 searching for their consent earlier than funds have been made instantly into their financial institution accounts or cellular wallets.
Mr Doro emphasised that beneficiaries weren’t required to submit functions, pay charges or register by means of brokers to entry the intervention.
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He additionally warned Nigerians in opposition to 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 present federal authorities social safety and financial assist 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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