The World Bank has disbursed additional funds to Nigeria under the $800m National Social Safety Net Programme-Scale Up, raising the total amount released to $530m, The PUNCH reports.
Checks by The PUNCH on Thursday on the World Bank’s official website revealed that the cumulative disbursement had increased from the earlier reported $315m in 2023 to $530m this year, reflecting fresh inflows into Nigeria’s accounts for the palliative programme.
Although the exact day the extra disbursement was made this year could not be independently verified, findings showed that the World Bank was yet to update the detailed section of its portal that typically records transaction dates as of April 30, 2025, suggesting that the disbursement was very recent and likely made this month.
The $800m facility, approved on December 16, 2021, was designed to provide conditional cash transfers to Nigeria’s poorest and most vulnerable citizens, cushioning the impact of recent economic shocks, including the removal of the petrol subsidy.
Originally, the programme was structured to deliver N5,000 monthly to targeted households.
