Moniepoint Microfinance Bank has introduced that customers can now check their eligibility for the Federal Government’s N50,000 National Emergency Relief and Stabilisation Intervention (NERSI) and obtain the funds by way of its USSD banking channel.
The financial institution stated eligible customers can check their standing by dialling *5573*27# from their registered telephone numbers and choosing the choice to check eligibility.
The intervention, led by the Federal Ministry of Humanitarian Affairs and Poverty Reduction, gives N50,000 in monetary help to eligible weak households to assist them meet important wants amid prevailing financial pressures.
How Moniepoint customers can entry the relief funds
According to Moniepoint, customers confirmed as beneficiaries will probably be guided by way of the method of accepting the support and receiving the funds instantly into their Moniepoint accounts.
The financial institution stated the service comes at no extra value, including that beneficiaries don’t want additional documentation or third-party help to entry the funds.
However, eligibility is set by the Federal Government based mostly on its established choice and verification processes, which draw on verified nationwide id data and the National Social Register.
Moniepoint famous that the programme is being carried out in phases throughout the nation, which means not all customers might qualify or be chosen on the similar time. Access to the funds due to this fact stays topic to authorities verification and choice.
Commenting on the initiative, Babatunde Olofin, Managing Director and Chief Executive Officer of Moniepoint Microfinance Bank, stated the financial institution was happy to support the Federal Government’s effort to ship monetary help to eligible households.
Olofin urged customers to stay vigilant and use solely the financial institution’s official USSD code when checking their eligibility or accessing the funds.
- “We urge our customers to remain vigilant and use only our official USSD code when checking their eligibility or accessing the funds. The process comes at no additional cost and requires no extra documentation or third-party intervention,” he stated.
- “Their security remains a priority, and we encourage anyone with questions about the process to contact our customer service team or the official NERSI helpdesk on 0700 022 2222,” he added.
FG’s broader cash-transfer efforts
The Federal Government’s N50,000 NERSI intervention comes amid its broader efforts to supply direct monetary help to poor and weak households by way of cash-transfer programmes.
Government figures cited within the report confirmed that 19.78 million households had been categorised as weak below the National Social Register, whereas about 5.5 million had acquired direct cash-transfer support.
