The Federal Government of Nigeria has distributed N330 billion in cash transfers to impoverished households through the National Social Safety-net Coordinating Office, as part of efforts to alleviate economic hardships. This was announced by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during a press briefing in Abuja on September 17, 2025.
Program Details and Impact
The cash transfer initiative, funded by an $800 million World Bank facility, targets approximately 19.7 million vulnerable households, encompassing over 70 million individuals listed in the National Social Register. Edun emphasized that the program is a key component of President Bola Tinubu’s strategy to mitigate the impact of economic reforms, including the removal of fuel subsidies and the floating of the naira, which have driven up living costs.
To date, 8.5 million households have received at least one payment of N25,000, with some beneficiaries having received two or three tranches. The government aims to extend payments to the remaining 7 million eligible households by the end of 2025. The minister highlighted the program’s robust and transparent system, which uses biometric identification via the National Identity Number (NIN) and digital payments through bank accounts or mobile wallets to ensure accuracy and accountability.
Commitment to Sustainability
Edun underscored the importance of the social safety net as a cornerstone of modern economies and confirmed that the government plans to include provisions for the program in annual budgets to ensure its long-term sustainability. “Nigeria now has a solid framework for delivering targeted assistance to the poorest and most vulnerable on an ongoing basis,” he stated. This initiative aligns with broader economic reforms aimed at fostering resilience and supporting citizens facing financial challenges.
Transparent Payment Process
Funmi Olotu, the National Coordinator of the National Social Safety-net Coordinating Office, provided further details on the payment structure. She explained that payments are staggered into tranches to comply with President Tinubu’s directive for transparency, requiring direct bank transfers linked to NINs rather than traditional cash disbursements. “This ensures that funds reach the intended beneficiaries securely and efficiently,” Olotu noted.
Broader Economic Context
The cash transfer program is part of a comprehensive effort to address economic challenges while promoting equitable growth. Edun highlighted that the initiative complements other reforms driving Nigeria’s economic progress, including a reported 3.13% GDP growth in Q1 2025, signaling the effectiveness of ongoing policy measures.
With a focus on transparency, sustainability, and inclusivity, the federal government’s cash transfer program aims to provide critical support to millions of Nigerians, reinforcing its commitment to social protection and economic stability.
