WED AUG 20 2025-theGBJournal|The Federal government has announced plans to disburse N54.911 billion vulnerable persons in August, 2025 through the National Social Investment Programme Agency under the National Conditional Cash Transfer Programme.
This is part of the government’s effort to empower and mitigate poverty in the country.
The plan was disclosed by the Minister of State for Humanitarian Affairs and Poverty Reduction, Dr Yusuf Tanko Sununu, during a courtesy visit by the delegation of the Presidential Economic Advisory Council led by the Director General, Prince Adeniyi Adeyemi, on Monday, 18th August, 2025, in the office of the Minister, Abuja.
While revealing the plan, the Minister noted that before now, the federal government has disbursed N419 billion to 5,913,286 households under the CCT programme.
According to him, the disbursement is unbiased and based on data that are verifiable.
Dr Sununu further revealed that the Federal government has commenced preparation through the Government Enterprise and Empowerment Programme (GEEP) to provide N300,000 to 21,000 small holder farmers in the country for dry season farming as a loan that is collateral and interest free.
The empowerment programme is aimed at mitigating the effect of flooding on rainy season farming. This he said will contribute to food security and mitigate poverty.
Dr Sununu stated that globally, the economy is declining. There are increases in both natural and manmade disasters. The world is also witnessing Foreign aids cut and there are funding gaps of $36bn.
“Nigeria is affected too. World Food Programme (WFP) has given us notice of the suspension of one of its activities, the Emergency Food Transfer, which assists 1.3m Nigerians. It has over 300,000 children in their clinics in the North East alone.
He said these are funding gaps running into hundreds of millions of Naira. He emphasised that the Ministry must provide reliable social safety nets.
“we must have strong safety nets to cushion the effect of reforms to stabilize the economy.”
Dr Sununu assured the council that the Ministry would participate at the World Investment Summit.
Earlier, the Director General of the Council, Prince Adeniyi Adeyemi said he was in the Ministry to introduce members of the Council to the Minister and notify the Ministry of the forth coming World Investment Summit, scheduled for 17th – 21st November, 2025.
He said the goal of the Summit is to attract more Foreign Direct Investment (FDI) to the country. The Summit will be in Nigeria for the next 5 years to stabilize the economy.
According to him, the Council was established by President Bola Ahmed Tinubu, to advise him on strategic policy and implementation to bring foreign intervention to cushion the effect of the economy on the country.
The DG said the Ministry has been identified as a strategic partner of the Council.
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