FG Disburses N300 Billion to 8.1M Households Under Cash Transfer Scheme

FG Disburses N300 Billion to 8.1M Households Under Cash Transfer Scheme

The Federal Government has disbursed over ₦300 billion to approximately 8.1 million households through its Conditional Cash Transfer initiative, aimed at strengthening community resilience and reducing poverty.

This was disclosed by the Minister of State for Humanitarian Affairs and Poverty Reduction, Yusuf Sanunu, during a roundtable event held in Abuja to commemorate the International Day for Disaster Risk Reduction.

Speaking at the event, Sanunu highlighted the ministry’s efforts under President Tinubu’s Hope Agenda, noting that the National Social Investment Agency has significantly impacted health, education, and economic stability at the grassroots level.

“As of today, over 8.1 million households have benefited from the Conditional Cash Transfer scheme, with disbursements exceeding ₦300 billion. This intervention has enhanced their capacity and improved access to health and education. The process is ongoing,” he stated.

Sanunu also announced that 21,000 Nigerians affected by recent flood disasters will soon receive interest-free and collateral-free loans totaling ₦6.3 billion. Each beneficiary is expected to receive ₦300,000 to support farming and mitigate the impact of flooding.

Additionally, the minister revealed a collaborative initiative with the Federal Ministry of Agriculture to support internally displaced persons (IDPs). Under the scheme, IDPs will retain 30% of the produce they cultivate, while the government will purchase the remaining 70%, providing cash payments to participants.

Earlier in the event, the Director General of the National Emergency Management Agency (NEMA), Zubaida Umar, emphasized the growing threat of disasters fueled by climate change, conflict, pandemics, and technological risks. She called for a shift from reactive emergency responses to a proactive, well-funded disaster risk management framework.

Umar announced the launch of two key policy instruments: NEMA Strategic Plan (2025–2029), National Disaster Risk Reduction Strategy (2025–2030).

These frameworks aim to embed risk-informed development, innovative financing, and institutional collaboration across sectors such as agriculture, energy, infrastructure, education, and health.

She also highlighted NEMA’s ongoing efforts to develop a **National Risk Monitoring and Information Platform**, designed to support early warning systems, vulnerability mapping, and data-driven investment decisions.

To sustain these efforts, Umar advocated for innovative financing tools, including catastrophe bonds, insurance pools, climate funds, and blended finance models.

The roundtable was attended by Vice President Kashim Shettima, Deputy Speaker of the House of Representatives Benjamin Kalu, Zamfara State Governor Dauda Lawal, lawmakers, and international development partners.