Details Of N75,000 Cash Transfer For 70 Million Nigerians Emerge

News Update

THE Federal Government has announced plans to distribute N75,000 cash transfers to an estimated 70 million ‘poorest of the poor’ Nigerians by 2025.

This was disclosed by Prof. Nentawe Yilwatda, Minister of Humanitarian Affairs and Poverty Reduction, during his appearance on The Morning Show on Arise Television on Wednesday.

Prof. Yilwatda revealed that the ministry aims to deploy the program across all 36 states of the federation by the end of January 2025, targeting the registration of up to 18.1 million Nigerian households through the National Identity Number (NIN) system.

“We want to deploy by the end of January across 36 states to ensure we start harvesting the NIN number of up to 18.1 million Nigerian households that we need to capture as fast as possible so that we can make payment for them,” the minister said.

“The target of the president is that we should target 15 million households. And an average household is about 4 to 5. We are discussing here roughly about 70 million households with about N75,000 per person this year,” the minister noted.

The initiative is part of President Bola Tinubu’s directive to address extreme poverty and create a more inclusive social safety net.

Yilwatda noted that each household in the program would have an average of 4 to 5 individuals, translating to a target of roughly 70 million individuals nationwide.

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