The Federal Government of Nigeria has officially set up a new inter-agency task force to fast-track the long-awaited N75,000 conditional cash transfer to 15 million vulnerable households. This major step aims to remove all delays and bring much-needed relief to poor families across the country.
This was confirmed in a statement released on May 7, 2025, by Stanley Nkwocha, the Senior Special Assistant to the President on Media and Communications (Office of the Vice President).
Who Is Involved in the Task Force?
The newly formed task force brings together several key government agencies and financial institutions to improve delivery and coordination. These include:
- National Identity Management Commission (NIMC)
- National Social Safety-Nets Coordinating Office (NASSCO)
- National Cash Transfer Office (NCTO)
- Central Bank of Nigeria (CBN)
- Nigeria Inter-Bank Settlement System (NIBSS)
These agencies will now work together to ensure that the cash transfer system runs smoothly and quickly, reaching the right people without unnecessary delays.
Why the Task Force Was Created
According to the government, this initiative is part of a larger financial inclusion plan aimed at giving all Nigerians access to digital finance tools, economic opportunities, and social support.
At the first meeting of the Technical Committee of the Presidential Committee on Economic and Financial Inclusion (PreCEFI), Deputy Chief of Staff to the President, Senator Ibrahim Hassan Hadejia, explained that this program is about more than just giving out money.
“Financial inclusion is not just about having a bank account—it’s about real access to services, loans, and platforms that help people live better,” he said.
He also noted that during recent World Bank Spring Meetings, countries like India were praised for reducing poverty through smart financial inclusion strategies, and Nigeria plans to follow suit.
What Happens Next?
The committee has now approved a strategic roadmap for carrying out President Tinubu’s vision. According to Dr. Nurudeen Abubakar Zauro, Secretary of the Committee and Technical Advisor to the President on Financial Inclusion, the focus is now on clearing the obstacles delaying the cash disbursements.
“An inter-agency committee has been created to fast-track the release of conditional cash transfers to 15 million households, as directed by President Tinubu,” Zauro said.
He added that a data report will soon be presented to the National Economic Council and the Nigerian Governors Forum, so that state governments can act on the data at the local level.
The Cash Transfer Program: A Quick Recap
President Bola Tinubu first announced the conditional cash transfer initiative in 2023. The goal was to support 15 million poor and vulnerable households, each receiving N75,000 over three months.
The official launch of the program took place during the International Day for the Eradication of Poverty, with the President represented by Senator George Akume, Secretary to the Government of the Federation.
The N75,000 support is part of a larger strategy to reduce poverty and improve the lives of low-income Nigerians, especially as the country continues to face economic challenges.
What This Means for Nigerians
This new task force means:
- Faster cash transfers to poor households
- Better coordination between federal agencies
- Real-time tracking and data reporting
- Stronger support for financial inclusion
Once fully rolled out, millions of Nigerians are expected to benefit from the cash transfer, while also gaining access to banking services, digital payments, and credit tools for long-term growth.
Final Note
With the launch of this N6 billion cash transfer task force, the Federal Government is making it clear that no eligible household should be left behind. As the implementation phase begins, attention will be on timely payments, transparency, and accountability.
For many families, this could be the financial relief they’ve been waiting for. All eyes are now on how quickly the program can deliver on its promise.