FG permits 10 Million Nigerians to access N4bn Cash Transfer, Rural Farmers N2bn Interest-Free Loans
President Tinubu
FG permits 10 Million Nigerians to access N4bn Cash Transfer, Rural Farmers N2bn Interest-Free Loans
The federal government has approved a N4 billion allocation for conditional cash transfers to 10 million displaced households in Nigeria.
The government also approved N2 billion for interest-free loans to farmers in rural areas to enhance food production and self-sufficiency.
Minister of Humanitarian Affairs and Poverty Reduction, Nentawe Yilwada, disclosed this on Thursday, at the launch of the 2025 Nigeria Humanitarian Needs and Response Plan (HNRP), in Abuja.
“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.
FG permits 10 Million Nigerians to access N4bn Cash Transfer, Rural Farmers N2bn Interest-Free Loans
“A N4 billion 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.
“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.
“Additionally, the government has allocated N2 billion 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”, Yilwada said.
The Minister reaffirmed the government’s commitment to addressing the needs of internally displaced persons (IDPs), returnees and affected communities nationwide.
“We are combining the efforts of humanitarian, developmental, and peace-building platforms to ensure long-term resilience and sustainable solutions for these communities”, Yilwada added.
