Moniepoint Explains How FG Selects N50,000 Cash Support Beneficiaries

Moniepoint has explained how the Federal Government identifies Nigerians selected to receive the N50,000 monthly cash support under the National Economic Recovery and Support Initiative (NERSI).

The explanation comes as payment notifications begin reaching some beneficiaries across the country. According to the programme’s guidelines, the government selects recipients using information from the National Social Register and verified national identity records. Phone numbers linked to these records are then used to notify successful beneficiaries through SMS.

Moniepoint clarified that Nigerians do not need to apply or register to qualify for the support. It also stated that agents and other third parties cannot add names to the list of beneficiaries. Payments are being distributed in batches across Nigeria’s six geopolitical zones. This means that individuals who have not received notifications may still be considered in subsequent payment rounds.

Participating payment providers, including ALAT by Wema Bank, MoMo PSB and NairaGram, are responsible for sending official notifications to selected recipients. Each message contains instructions and a USSD code for accessing the funds.

How to Receive the N50,000 SupportBeneficiaries who receive an SMS are required to dial the USSD code provided in the message using the same phone number that received the notification. They will then follow the instructions displayed on their phones to accept the payment. Once the process is completed, a mobile wallet is created and credited with N50,000, followed by a confirmation message.

The process does not require a smartphone, mobile data or an internet connection, as it is accessible through basic mobile phones. The programme also provides options for beneficiaries who encounter difficulties during the process. Those who accidentally delete their notification messages can check their eligibility by dialling their payment provider’s USSD code and selecting the eligibility-check option. Similarly, individuals who mistakenly select “No” when asked to accept the payment can dial the code again and choose “Yes” to continue.

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