FG disburses N24.78b to poor Nigerian households

The Federal Government has disbursed N24.78bn under the National Cash Transfer programme to 991,261 poor households as part of efforts to alleviate poverty in Nigeria.

The cash transfer initiative, spearheaded by the National Social Investment Programme Agency, had beneficiaries across all 36 states and the Federal Capital Territory, according to a statement from National Social Investment Programmes Agency (NSIPA) on Thursday.

NSIPA National Coordinator and Chief Executive Officer, Badamasi Lawal, said the disbursement was in line with President Bola Tinubu’s Renewed Hope Agenda, as he explained that the Federal Government had in August 2024 paid N3.83bn to 153,038 households.

Lawal stated that in September 2024, the agency shared N20.96bn among 838,223 households and each beneficiary household received N25,000 through their designated Financial Service Providers.