FG Unveils ₦6 Billion Cash Transfer and Loan Program for Nigerians – See Who Qualifies
GoldenNewsNg reports that the Federal Government has unveiled details of its ₦6 billion initiative aimed at helping vulnerable Nigerians through cash transfers and interest-free loans. This program is designed to support households and farmers affected by natural disasters and crises.
Breakdown of Beneficiaries for FG Cash Transfers Starting February 2025
Here’s a simple breakdown of how the funds will be distributed and who will benefit:
1. Cash Transfer Program
- Approved Budget: ₦4 billion
- Beneficiaries: 10 million displaced households
- Purpose: To provide relief for families, especially in the Northeast affected by crises.
- Duration: February to April 2025
- Focus Groups:
- Widows
- Pregnant women
- Women with disabilities
2. Interest-Free Loans for Farmers
- Approved Budget: ₦2 billion
- Loan Amount Per Household: Between ₦300,000 and ₦400,000
- Beneficiaries: Farmers living in rural areas
- Goal:
- Boost food production
- Encourage self-sufficiency among local farmers
Focus of the Program
The initiative is specifically aimed at:
- Displaced women, including widows and pregnant women.
- Families affected by crises or natural disasters.
- Farmers in rural communities who need financial assistance to improve their productivity.
Goals and Strategy
- Main Goal: Provide immediate relief while also promoting long-term support for vulnerable groups.
- Strategy:
- Collaboration between humanitarian and development agencies.
- Integrating peacebuilding efforts to create lasting solutions.
This program is part of the Federal Government’s efforts to help struggling families and empower communities to rebuild and thrive.
