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Federal Government Launches ₦4 Billion Cash Transfer and ₦2 Billion Loans to Aid Vulnerable Households and Farmers

Mide by Mide
January 24, 2025
in News
Reading Time: 1 min read
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Federal Government Launches ₦4 Billion Cash Transfer and ₦2 Billion Loans to Aid Vulnerable Households and Farmers
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The Federal Government has announced a ₦4 billion cash transfer initiative to support vulnerable Nigerian households, set to commence in February.

This was revealed by the Minister of Humanitarian Affairs and Poverty Reduction, Prof. Nentawe Yilwada, during the launch of the 2025 Nigeria Humanitarian Needs and Response Plan at the United Nations House in Abuja on Thursday.

The program aims to assist at least 10 million displaced households across the country, with a focus on alleviating the hardships of families affected by displacement, particularly in the Northeast. The cash transfers will be distributed between February and April.

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In addition, the government has approved ₦2 billion in interest-free loans for rural farmers to enhance food production and promote self-sufficiency.

“We are prioritizing 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,” he stated.

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