Federal Government allocated N330 Billion in Cash Transfers to Poor Nigerians — Finance Minister Wale Edun

The Federal Government of Nigeria has announced the disbursement of ₦330 billion as part of its cash transfer programme to support vulnerable households across the country. This update was confirmed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, during a recent press briefing.

Details of the Disbursement

According to the Minister, the cash transfers are aimed at cushioning the effects of rising inflation, fuel subsidy removal, and economic hardship faced by millions of Nigerians. The initiative falls under the government’s social safety net programme, which targets the most vulnerable citizens, including low-income families, widows, the elderly, and persons with disabilities.

Edun highlighted that the distribution is being carried out through verified channels to ensure that funds reach the intended beneficiaries without diversion. Beneficiaries are identified via the National Social Register (NSR), which contains data of poor and vulnerable households across the 36 states and the FCT.

Why It Matters

Nigeria’s economy has been under pressure from multiple fronts high cost of living, rising fuel prices, and food inflation. By injecting ₦330 billion directly into the hands of struggling citizens, the government hopes to:

Reduce poverty levels.

Stimulate local consumption and spending.

Provide immediate relief while longer-term economic reforms take shape.

Reactions and Concerns

While many Nigerians welcome the intervention, some experts and civil society groups have raised questions about transparency and accountability. Concerns remain about whether the cash transfers will truly reach the poorest citizens or if corruption and political interference might derail the initiative.

Others argue that while cash transfers provide short-term relief, Nigeria needs more sustainable solutions such as job creation, investments in agriculture, and infrastructure development to address the root causes of poverty.

The Bigger Picture

This disbursement underscores the government’s continued reliance on social intervention programmes as a tool for poverty reduction. With inflation still climbing and economic pressure weighing on households, effective management and monitoring of the funds will determine whether the ₦330 billion truly delivers relief.

👉 Bottom Line: The Federal Government’s ₦330 billion cash transfer initiative is a welcome relief for millions of poor Nigerians. However, transparency, accountability, and complementary long-term reforms are crucial if this programme is to make a lasting impact