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    Tinubu approves N4bn conditional cash transfer for vulnerable households

    Vincent OsuwoBy Vincent OsuwoJanuary 23, 2025No Comments2 Mins Read
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    The President Bola Tinubu-led federal government has approved N4 billion in conditional cash transfers to Nigeria’s most disadvantaged households.

    Professor Nentawe Yilwada, Minister of Humanitarian Affairs and Poverty Reduction, announced the interventions aimed at addressing the country’s deepening humanitarian crisis during the launch of the 2025 Nigeria Humanitarian Needs and Response Plan at the United Nations House in Abuja on Thursday.

    This effort is expected to help at least 10 million displaced households, focusing on the most disadvantaged segments of society.

    The cash transfer program will begin in February and run through April, focusing on meeting the immediate needs of families affected by displacement, particularly in the Northeast.

    Furthermore, the Tinubu-led government has granted N2 billion in interest-free loans for farmers, particularly those in rural areas, to increase food production and self-sufficiency.

    Yilwada stated, “We are prioritising 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 added, “Additionally, the government has allocated N2bn to provide interest-free loans to farmers in rural communities. These loans will range from N300,000 to N400,000 per household, helping farmers access necessary resources and linking them to market opportunities.

    “Furthermore, a N4bn provision has been approved to support vulnerable groups through cash transfers, targeting families affected by natural disasters and other crises. These interventions are part of the government’s broader strategy to alleviate poverty and provide relief to those in urgent need.”

    The minister reiterated the Tinubu’s commitment to meeting the needs of internally displaced individuals, returnees, and affected communities throughout Nigeria.

    According to Yilwada, the HNRP was developed after extensive consultations and is intended to address humanitarian difficulties in Borno, Adamawa, Yobe, and other conflict-affected regions.

    “We are combining the efforts of humanitarian, developmental, and peace building platforms to ensure long-term resilience and sustainable solutions for these communities,” he added.

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