Nigeria’s Federal Government has announced plans to expand its cash transfer programme to reach 15 million vulnerable Nigerians, scaling up one of its largest social intervention initiatives amid ongoing economic reforms.
Punch Newspapers The disclosure was made by the Minister of Humanitarian Affairs and Poverty Reduction, Dr. Bernard Doro, during a programme update briefing in Abuja, where officials outlined progress under the Household Prosperity and Empowerment Cash Transfer (HOPE-CT) scheme.
Expansion from 9.2 Million to 15 Million Beneficiaries
The government confirmed that over 9.2 million Nigerians have already benefited from the scheme, with a new target to increase coverage to 15 million households nationwide.
This expansion reflects a broader policy shift under President Bola Tinubu’s administration, aimed at strengthening social safety nets and cushioning the impact of economic adjustments on low-income households.
₦688 Billion Disbursed, More Support Planned
Data from the programme shows that approximately ₦688 billion has been disbursed to beneficiaries so far, making it one of the most significant direct cash support initiatives in Nigeria’s recent history.
Under the scheme, eligible households receive ₦75,000 in phased payments, designed to provide immediate relief while supporting long-term economic stability.
Digital Verification and Transparency Measures:
The programme is anchored on the National Social Register, with beneficiaries required to verify their identity using the National Identification Number (NIN) or Bank Verification Number (BVN).
Government officials stated that this integration has improved transparency, reduced fraud, and ensured that funds reach the intended recipients efficiently.
Backed by World Bank Funding: The initiative is supported by an $800 million facility from the World Bank, reinforcing Nigeria’s efforts to build a more structured and sustainable social protection system.
Policy Context and Long-Term Objective
Authorities emphasized that the cash transfer programme is not only a short-term relief mechanism but part of a broader strategy to promote financial inclusion, reduce poverty, and enhance household resilience.
The expansion to 15 million beneficiaries signals a continued reliance on targeted social interventions as Nigeria navigates inflation, subsidy reforms, and wider economic restructuring.
