GOVERANCE

10.2m Households Will Benefit From $800m World Bank Donation- NASSCO

 

The National Social Safety Nets Coordinating Unit (NASSCO), says the $800m to be secured by the federal government from the World Bank is for the poor and vulnerable Nigerians.

In a statement signed by Joe Abuku, the Head of Communications of NASSCO, the Office said that 10.2 million households are targeted to benefit from the $800m World Bank shock response for Nigeria’s vulnerable population.

The National Social Safety-Nets Coordinating Office is the Federal Ministry of Humanitarian Affairs office responsible for building the National Social Register & coordinating livelihood support to extremely poor & vulnerable households in Nigeria.

“This facility is being obtained as part of the National Social Safety Nets Program (NASSP) to scale up government’s response to poor and vulnerable Nigerians dealing with different categories of economic shocks since 2021.” the statement read in part

“It will benefit at least 10.2 million poor and vulnerable Nigerian households (in rural and urban poor areas) by way of targeted cash transfers to cushion the effects of existing social and economic shocks (Covid, inflation, naira redesign cash crunch, flood losses etc) including the anticipated petrol subsidy removal.”

The statement also said the NASSP is within the wider realm of the Nigerian National Social Protection Policy,as provided by the constitution of Nigeria, Chapter 2, section 16 & 17 to demonstrate Federal Government’s commitment to social care, social assistance and part of the long-term framework towards reducing poverty, rolling back the effects of economic shocks, and improving the living standards of poor Nigerians.

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