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FG Approves N4bn Cash Transfer and N2bn Loans to Support Vulnerable Households and Farmers

Ademola Damilola by Ademola Damilola
January 24, 2025
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FG Approves N4bn Cash Transfer and N2bn Loans to Support Vulnerable Households and Farmers
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The Federal Government has approved a total of N4 billion for conditional cash transfers to support vulnerable households across Nigeria. This intervention, announced by the Minister of Humanitarian Affairs and Poverty Reduction, Prof. Nentawe Yilwada, is part of efforts to address the country’s escalating humanitarian crisis.

During the launch of the 2025 Nigeria Humanitarian Needs and Response Plan at the United Nations House in Abuja on Thursday, Prof. Yilwada revealed that the cash transfer program will target at least 10 million displaced households, with a focus on the most vulnerable individuals, especially women, widows, pregnant women, and those with disabilities.

The initiative, set to begin in February and continue through April, will provide immediate financial support to families, particularly those affected by displacement in the Northeast.

“We understand the specific vulnerabilities of displaced women, particularly those dealing with pregnancy or disabilities. This intervention is focused on addressing their unique needs and providing much-needed support,” Yilwada said.

In addition to the cash transfers, the government has also approved N2 billion in interest-free loans for farmers in rural communities. These loans, ranging from N300,000 to N400,000 per household, aim to boost food production and enhance self-sufficiency, with an emphasis on connecting farmers to markets.

The N4 billion cash transfer program is intended to support families impacted by natural disasters and other crises, continuing the government’s broader strategy to alleviate poverty and provide relief to those most in need.

“We are particularly focused on female-headed households, who often face disproportionate challenges, including gender-based violence, food insecurity, and child marriage,” Yilwada added.

The Minister also noted that the 2025 Humanitarian Needs and Response Plan (HNRP) was developed after extensive consultations and is specifically designed to address the needs of communities in conflict-affected regions, including Borno, Adamawa, and Yobe states.

Mr. Trond Jensen, head of the UN Office for the Coordination of Humanitarian Affairs, highlighted the dire situation in these regions, stating that approximately 7.8 million people in Borno, Adamawa, and Yobe will require humanitarian assistance in 2025.

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