Moniepoint Opens USSD Channel for N50K Relief Fund for Nigerians
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The bank said in a statement issued on Wednesday that customers could dial *557*327# from their registered phone numbers and select the option to check their eligibility for the National Emergency Relief and Stabilisation Intervention (NERSI).
It said customers confirmed as beneficiaries would be guided through the steps to accept the support and receive the funds into their Moniepoint accounts at no additional cost.
The intervention, led by the Federal Ministry of Humanitarian Affairs and Poverty Reduction, is designed to provide direct financial assistance to vulnerable households to help them meet essential needs amid prevailing economic pressures.
Moniepoint said it was among the payment providers selected by the Federal Government to facilitate the disbursement of the relief funds.
It explained that beneficiary selection was based on the government’s eligibility criteria and verification processes, which relied on verified national identity records and the National Social Register.
The bank noted that the programme was being implemented in phases across the country, adding that not all customers would qualify or be selected at the same time.
Babatunde Olofin, Managing Director and Chief Executive Officer of Moniepoint Microfinance Bank, said the bank was pleased to support eligible customers in receiving assistance under the government initiative.
Olofin said Moniepoint would deploy its technology and financial infrastructure to make the process accessible, seamless and secure.
He urged customers to use only the bank’s official USSD channel to check their eligibility or access the funds. He added that the process required no additional payment, documentation or third-party intervention.
The bank also advised customers with enquiries to contact its customer service team or the NERSI helpdesk.
Moniepoint said its nationwide network of financial services infrastructure, including Point-of-Sale terminals across the country’s 774 Local Government Areas, would support efforts to extend access to the intervention. Nigeria’s 20-Year US Dollar Bond Yield Falls to 8.50%
