Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

OmoBarca extends new month greetings to Ajeromi Ifelodun, Nigerians, calls for unity, perseverance in June 2025

(Video) I told Tinubu I wouldn’t work or vote for him in the 2023 elections – Rotimi Amaechi

FRSC blames speeding for death of 21 Kano athletes

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»$300 million transferred to poor Nigerians in four years – Federal govt
Breaking News

$300 million transferred to poor Nigerians in four years – Federal govt

DailyblastBy DailyblastJanuary 2, 2022002 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

The Federal Government has disbursed about $300m to the poor and vulnerable in its National Social Register through N5,000 cash transfers in four years.

This was disclosed by the National Coordinator, National Social Safety Nets Coordinating Office, Mr Apera Iorwa, in an exclusive interview with The Punch.

Related posts:

  1. Federal govt blames poor electricity supply on past administrations
  2. Poor Nigerians will increase by 15 million soon – World Bank
  3. 133 million poor Nigerians: One of the lowest statistics in West Africa – APC campaign council
  4. Subsidy removal: Poor Nigerians to hit 100 million – World Bank

The agency, which is under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, coordinates the National Social Safety Net Programme.

“For the cash transfer of N5,000 per month, the Federal Government, over the four-year period, has been able to disburse $300m,” he said.

He also disclosed that two million households had benefitted on an average of five individuals per household, which is about 10 million individuals.

“This is consistent. Every month, you collect N5,000, but for logistics, we pay N10,000 every two months,” Iorwa added.

The NASSCO was established in 2016 by the Federal Government, alongside the World Bank, to strengthen social safety nets and social protection system in Nigeria in order to help end extreme poverty and promote shared prosperity.

The World Bank offered a credit of $500m to support the social safety net programme, which will end by June 2022.

However, Iorwa disclosed that another $800m had been approved by the World Bank to extend the support programme to 2024 in a way that would benefit 8.5 million more Nigerians.

He said, “We have been able to secure an additional $800m facility from the World Bank to answer the most pressing issues of the hike in prices occasioned by the high rate of inflation. The $800m facility will start in February, overlapping with this current programme in June.

“This current programme in June is paying only $2m till June 30. The $800m facility will take over and continue to pay this $2m till 2024. We will pay an additional 8.5 million people through the rapid response register for the urban poor. Since the urban poor is an emergency fund transfer, this 8.5 million people will be paid from six months to only one year, N5,000 monthly.”

Post Views: 190
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticlePastor baths naked female church members during crossover service (VIDEO)
Next Article COVID-19: Lionel Messi, three other PSG players test positive
Dailyblast

Related Posts

Two suspects arrested in Kano State over possession of fake $899, 800

June 1, 2025

Oluwatobi Oyinlola sets world record with development of world’s smallest GPS tracker prototype at Massachusetts Institute

May 30, 2025

Legendary writer Ngugi wa Thiong’o dies at 87

May 29, 2025
Add A Comment

Comments are closed.

Recent Posts
  • OmoBarca extends new month greetings to Ajeromi Ifelodun, Nigerians, calls for unity, perseverance in June 2025 June 1, 2025
  • (Video) I told Tinubu I wouldn’t work or vote for him in the 2023 elections – Rotimi Amaechi June 1, 2025
  • FRSC blames speeding for death of 21 Kano athletes June 1, 2025
  • Nigeria is in its biggest trouble after urban bandits took over leadership – El-Rufai slams Tinubu June 1, 2025
  • Two suspects arrested in Kano State over possession of fake $899, 800 June 1, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,226 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,085 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025609 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,226 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,085 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025609 Views
Our Picks

OmoBarca extends new month greetings to Ajeromi Ifelodun, Nigerians, calls for unity, perseverance in June 2025

(Video) I told Tinubu I wouldn’t work or vote for him in the 2023 elections – Rotimi Amaechi

FRSC blames speeding for death of 21 Kano athletes

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.