Abuja, Oct. 13, 2025 – The Federal Government is to disburse ₦6.3 billion interest- and collateral-free loans to 21,000 Nigerians affected by recent flood disasters.
Yusuf Sununu, the Minister of State for Humanitarian Affairs and Poverty Reduction, announced this in Abuja on Monday at a roundtable to mark the International Day for Disaster Risk Reduction.
He said the gesture is part of efforts to cushion the impact of climate-related crises and strengthen food security
According to him, each beneficiary will receive ₦300,000 to support recovery, particularly in agriculture and farming, which were severely impacted by flooding.
“This intervention is designed to support farmers and strengthen flood-affected communities,” the minister said.
He also said the National Social Investment Programme had already disbursed over ₦300 billion in conditional cash transfers to more than 8.1 million households, contributing to improved health, education, and resilience among vulnerable groups.
The minister also announced a new collaboration with the Federal Ministry of Agriculture to support internally displaced persons (IDPs) through an off-taker scheme.
Under the model, the government will purchase 70% of produce cultivated by IDPs, while participants retain the remaining 30%, ensuring a guaranteed market and immediate cash support
Sununu said all these initiatives fell under the “Hope Agenda” of President Bola Tinubu, aimed at building community resilience and reducing poverty nationwide.
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