NIN: 99.9% households yet to receive FG’s cash transfer – World Bank

The World Bank has reported that approximately 99.9 per cent of Nigeria’s targeted poor and vulnerable households are yet to receive the Federal Government’s recently announced N25,000 per month cash handout, according to data from the World Bank’s Lead Economist for Nigeria, Alex Sienaert.

This is because, out of the 20 per cent of people possessing a valid national ID number from the National Identity Management Commission (NIMC) which were supposed to be registered in the National Social Registry by June 30, 2022, only 0.10 per cent as of December 31, 2022 of Nigerians have been listed as completely impoverished and vulnerable possessed a NIN.

The Federal Government intends to provide cash transfers to low-income households, paying N25,000 per month for three months, according to his presentation material.

President Bola Tinubu introduced the Conditional Cash Transfer Program on October 17, 2023, with funding support of $800 million from the World Bank.

This programme intends to assist 15 million Nigerian households that make less than N75,000 per month and are considered poor, near-poor, or vulnerable.

This indicates that even with the extreme poverty in the country, 99.9 per cent of the targets have not received their monthly N25,000 cash transfers.

Nigeria’s poor and vulnerable have been disproportionately affected by the removal of fuel subsidies and other recent policies, despite the fact that they would substantially gain from a monthly cash transfer system that the Federal Government intends to fund with the World Bank loan.

Less than one per cent of the poor and vulnerable individuals may not be eligible for the Federal Government’s cash distribution program, according to information previously released by the World Bank,.

Twenty per cent of people possessing a valid national ID number from the National Identity Management Commission (NIMC) were supposed to be registered in the National Social Registry by June 30, 2022.