Moniepoint Launches USSD for ₦50,000 Relief Fund in Nigeria

Moniepoint Microfinance Bank enables USSD access to the FG's ₦50,000 relief fund.

Moniepoint's USSD Access

Moniepoint Microfinance Bank has launched a USSD channel for customers to check their eligibility for the Federal Government’s ₦50,000 National Emergency Relief and Stabilisation Intervention (NERSI). This initiative, led by the Federal Ministry of Humanitarian Affairs and Poverty Reduction, aims to provide financial support to vulnerable Nigerian households.

Customers can dial *5573*27# from their registered phone numbers to verify their beneficiary status. Eligible customers will receive the ₦50,000 directly into their Moniepoint accounts without any transaction or service fees.

Implementation Details

The relief fund is part of a broader effort to mitigate economic hardships and is being implemented in phases across Nigeria. Beneficiary selection is based on verified national identity records and the National Social Register. Moniepoint cautions that not all customers will qualify simultaneously, as eligibility depends on government verification.

Babatunde Olofin, CEO of Moniepoint, emphasized the importance of the initiative in providing relief and urged customers to use only the official USSD code to avoid fraud.

On devs.com.ng

Moniepoint currently has 12 open roles listed on devs.com.ng. The most requested technologies for these roles include Business (12), Design (9), and Java (6). Six of these positions are based in Lagos. Example roles include Principal Mobile Engineer (POS Terminal) and various Head of Engineering positions.

Sources

• Independent Newspaper Nigeria: Moniepoint Opens USSD Channel For FG’s N50,000 Relief Fund

Prepared with AI from the sources below and our own data, reviewed by the editors before publishing.