Turning the Corner: A New Compact between Nigeria's People and State

TO HELP HOUSEHOLDS COPE, THE GOVERNMENT IS ROLLING OUT A LARGE-SCALE PROGRAM OF CASH TRANSFERS... WHAT ARE CASH TRANSFERS? WHEN DID THE CASH TRANSFER PROGRAM START? WHO ARE THE BENEFICIARIES? HOW IS THE VERIFICATION DONE? HOW IS THE PAYMENT MADE? HOW MANY HOUSEHOLDS HAVE RECEIVED MANY TO DATE? Cash transfers are payments made to low-income households of N25000 per month by the Government for 3 months Conditional Cash Transfer Program was launched on October 17, 2023 The Program aims to cover 15 million poor, near-poor, and vulnerable households living on less than N75000 per month across Nigeria Following the launch, the State Social Registers is going through a robust verification process led by the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, in conjunction with the State governments. Beneficiaries will be supported to enroll for the NIN during the verification process to expand the coverage and use of the national identity number. Cash transfers are being delivered through electronic means, directly into verified beneficiary owned accounts or wallets, facilitating financial inclusion for these households. Currently 1.5 million households have received money, and the program is expected to reach 5 million households by the end of December NIGERIA THE WORLD BANK IBRD ⚫IDA | WORLD BANK GROUP 12

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