- The intervention aims to minimize the impact of flooding
- IDPs will keep 30% of their yield, and the government will buy the remaining 70%
- 21,000 Nigerians will receive interest-free
The Federal Government will disburse ₦6.3 billion in interest-free loans to 21,000 Nigerians recently affected by flood disasters across the country.
Eko Hot Blog gathered that Minister of State for Humanitarian Affairs and Poverty Reduction, Yusuf Sununu, announced the initiative Monday in Abuja during a roundtable event.
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Sununu explained that the intervention aims to minimize the impact of flooding and enhance national food security.
He stated, “In the next few weeks, 21,000 Nigerians will receive interest-free, collateral-free loans of ₦300,000 each.” The support specifically targets farmers and communities impacted by flooding.
The Minister also revealed the government has already reached over 8.1 million households with more than ₦300 billion in Conditional Cash Transfers through the National Social Investment Programme. He added that the government will continue this process under the “Hope Agenda.”
Sununu announced a new plan to empower internally displaced persons (IDPs), guaranteeing a market for their produce.
Under a new collaboration with the Ministry of Agriculture, IDPs will keep 30% of their yield, and the government will buy the remaining 70%, providing direct cash payments.
National Emergency Management Agency (NEMA) Director-General Zubaida Umar highlighted the increasing threat of climate-related disasters, urging a shift from reactive to proactive measures.
She announced NEMA’s launch of two key policy frameworks—the NEMA Strategic Plan (2025–2029) and the National Disaster Risk Reduction Strategy (2025–2030)—to guide future resilience efforts.
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