Nigeria Disburses ₦330 Billion to Vulnerable Citizens

FAAC_Wale Edun (News Central TV) FAAC_Wale Edun (News Central TV)

The Nigerian government has disbursed ₦330 billion in cash to poor and vulnerable Nigerians through the National Social Safety-Net Coordinating Office (NASSCO).

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this at a meeting of the Special Presidential Panel on the Social Investment Programme in Abuja.

In a statement released on Thursday, September 18, 2025, by Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu, Edun said the initiative was back on track to cushion the impact of rising prices.

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He explained that 19.7 million poor and vulnerable households, representing over 70 million individuals, had been captured in the National Social Register. Of these, 15 million households were already receiving payments under the $800 million World Bank-funded scheme.

vulnerable citizens (News Central TV)
Nigeria disburses ₦330 billion to vulnerable citizens. Credit: Nigerian Communication Week

Vulnerable households (News Central TV)

Vulnerable households (News Central TV)Vulnerable households (News Central TV)“So far, 8.5 million households have received at least one tranche of ₦25,000, while some have received two or three payments. The remaining seven million households will be paid before the end of the year,” he said.

Edun stressed that all beneficiaries were verified using their National Identity Numbers (NIN), with payments made digitally via bank accounts or mobile wallets to ensure accountability.

He assured that the administration remained committed to protecting vulnerable Nigerians as part of efforts to mitigate the effects of economic reforms.

The renewed push marks a restoration of confidence in the Social Investment Programme, which had earlier faced suspension and restructuring.

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