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
Bank of Africa net income rose 12% to 3B dirhams by Sept. 2025 Growth driven by 17% rise in interest income, strong loan performance Credit cleanup,...
Egypt signs €53.8 million deal under the Green Sustainable Industries program Funding targets pollution cuts, energy savings, and resource...
Senegal, BOAD launch Fovas to monetize public infrastructure assets Fund aims to boost financing without IMF-recommended debt restructuring Eligible...
PIC raises its commitment to Enko Impact Credit Fund, reaching 86.7% of its target. The fund provides dollar-denominated private credit to mid-sized...
Most Read
01

(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...

MCB deploys strategic financing to Invictus Investment to scale up its agro-food operations in Africa
02

S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...

S&P Raises Zambia’s Foreign-Currency Rating to CCC+
03

MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...

Africa HealthTech Bootcamp Opens in Benin With Focus on Regulation and Startup Growth
04

Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...

Chad Reports Second Vandalism Attack on Key Internet Cable in Two Weeks
05

Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...

Nestlé Faces New Claims of Excess Sugar in African Baby Cereals
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.