The Federal Government has announced the disbursement of N493 billion to more than five million households across Nigeria as part of its ongoing social protection efforts. This was revealed by the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Yusuf Sununu.
The intervention is aimed at supporting vulnerable families, reducing poverty, and providing economic relief in the face of rising living costs. According to the Minister, the initiative forms part of the government's broader strategy to create a more inclusive and resilient economy through direct support to low-income households.
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The funds were distributed under various components of the national social protection scheme, which include conditional cash transfers, livelihood support, and basic income grants. The scheme prioritizes households with women, children, the elderly, and persons with disabilities.
Dr. Sununu emphasized that this disbursement aligns with President Bola Tinubu's Renewed Hope Agenda, which focuses on lifting millions of Nigerians out of poverty through targeted interventions, empowerment programs, and digital payment systems for transparency.
The government reaffirmed its commitment to expanding the program, with the goal of reaching even more households and ensuring that no Nigerian is left behind in the nation's development journey.
