The Federal Government has announced plans to disburse N54,911,850 to 2,196,474 households across the country in August 2025 under the National Conditional Cash Transfer Programme, coordinated by the National Social Investment Programme Agency.
Hikaya Newspaper reports that the initiative is aimed at empowering vulnerable Nigerians and reducing poverty.
Minister of State for Humanitarian Affairs and Poverty Reduction, Dr. Yusuf Tanko Sununu, disclosed this during a courtesy visit by the Presidential Economic Advisory Council led by its Director General, Prince Adeniyi Adeyemi, on Monday in Abuja. He revealed that the federal government had previously disbursed N419 billion to 5,913,286 households through the same programme. According to him, all disbursements are data-driven and unbiased.
Dr. Sununu further announced that preparations have commenced under the Government Enterprise and Empowerment Programme (GEEP) to support 21,000 smallholder farmers with N300,000 each as interest-free and collateral-free loans for dry season farming. He explained that the programme aims to mitigate the effects of flooding on rainy-season agriculture, boost food security, and further tackle poverty. He stressed the need for strong social safety nets, noting global economic decline, shrinking foreign aid, and the World Food Programme’s notice of suspending its Emergency Food Transfer, which supports 1.3 million Nigerians.
In response, Prince Adeniyi Adeyemi said the Council, established by President Bola Ahmed Tinubu to provide strategic economic advice, was preparing for the World Investment Summit scheduled for November 17–21, 2025. He said the Summit, to be hosted in Nigeria for the next five years, seeks to attract more Foreign Direct Investment (FDI) to stabilize the economy. He identified the Ministry as a strategic partner in achieving this goal.