FG establishes inter-agency task force to fast-track cash transfers to 15 million vulnerable households 

This was disclosed in a statement by the Senior Special Assistant to the President on Media & Communications (Office of the Vice President), Stanley Nkwocha, on May 7, 2025.

The inter-agency task force comprises the National Identity Management Commission (NIMC), National Social Safety-Nets Coordinating Office (NASSCO), National Cash Transfer Office (NCTO), Central Bank of Nigeria (CBN), and the Nigeria Inter-Bank Settlement System (NIBSS).

According to the statement, the Federal Government has now commenced the implementation phase of its economic and financial inclusion strategy aimed at improving access to economic opportunities for Nigerians through the newly established task force.

“We are off to a very good start. What has led to the success of what we’ve done so far is alignment and inclusive stakeholder engagement. Financial inclusion is not just about having a bank account-it means access to quality services, credit, and the visibility that digital platforms offer,” he said.

 “An inter-agency committee has been established to address delays in the disbursement of conditional cash transfers to 15 million households as mandated by President Tinubu,” Dr. Zauro said.

President Bola Tinubu, in 2023, formally launched the conditional cash transfer program targeted at 15 million households across the country, each set to receive N75,000 within three months.

The formal launch was held during the International Day for the Eradication of Poverty.

The President was represented by the Secretary to the Government of the Federation, Sen. George Akume, who stated that the current administration had strategized several means to tackle poverty in the country.