Public Management

Nigeria: Govt supports Covid-19 affected households with N10bln

Nigeria: Govt supports Covid-19 affected households with N10bln
Thursday, 21 January 2021 15:52

The Nigerian government has just launched a support program for households that are hard hit by the Covid-19 pandemic. Under the Rapid Response Register (RRR), the poorest people in the country will receive a monthly allowance of N5,000 ($13).

Yemi Osinbajo, the Federal Republic’s Vice President, said this initiative is aimed at curbing the impacts of the pandemic but also reducing poverty across the country as part of the National Social Protection Policy (NSPP) launched in 2017. As of December 31, 2020, about 24.3 million poor and vulnerable people were identified in the national social register, the equivalent of about 5.7 million households, Mr. Osinbajo said.

The RRR program will assist 1 million families through direct cash transfer over the first six months of 2021. With Nigeria facing an economic crisis, the government has set a target of lifting 20 million people out of poverty within the next two years. This goal could however be hampered by some difficulties caused by the pandemic which, according to the World Bank, could push 40 million people into extreme poverty. 

“Through this project, we are currently injecting about N10 billion directly into the hands of about 2 million poor and vulnerable people every month,” Mr. Osinbajo said, stressing that the success of the RRR scheme will motivate the government to proceed with the deployment of a social safety program.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
nabD replaces SoGé following Saham’s takeover of Société Générale Maroc The platform offers mobile-first banking with remote account opening A...
Ghana’s First Atlantic Bank approved to operate in Liberia Liberia entry follows $60M IPO on Ghana Stock Exchange in 2025 FAB aims to...
Gabon postponed the operational launch of its Central Purchasing Agency to late Q1 or early April 2026. Administrative gaps and the absence of a...
IFC considers up to $50 million investment in Adenia Entrepreneurial Fund I Fund targets African SMEs across manufacturing, energy, healthcare,...
Most Read
01

Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...

Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
02

Development Partners International sold its 20.17% stake in Atlantic Business International for mo...

DPI Exits Atlantic Business International in $200 Million-Plus Deal
03

African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...

Africa’s Billionaires Post Strong Gains as Global Wealth Hits Record
04

Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...

Africa’s Energy Boom in 2026 Puts AfCFTA at the Heart of Its Trade Response to US Tariffs
05

Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...

Flutterwave Adds Open Banking With Mono Acquisition
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.