Covid-19 Loan: Steps on How to Enroll, Apply/Register for FG Covid-19 Loan N5000 RRR Scheme – Federal Government Covid-19 N5000 RRR Scheme Enrollment, Registration and Application is currently ongoing for all to apply or register. This article contains guidelines and steps on how to apply or register for FG Covid-19 Loan Scheme 2023/2024.
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The Rapid Response Register (RRR) is an intervention by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development to identify and document the urban and semi-urban poor who have lost their income streams and consequently become poorer from the harsh economic impact of Covid-19.
The Register is being built nationwide as an expansion of the existing National Social Safety Nets Project (NASSP) to target those in this category of non-traditional poor in urban and high-density locations and/or slums where the pandemic has affected economic life.
Individuals/households in the Rapid Response Register will be paid N5000 monthly for at least six months under an expanded Cash Transfer Programme of the Federal Government. This will boost their consumption and help to build resilience.
This is one of different ways the Government of Nigeria is spreading safety nets to address Covid-19 shocks.
Around the world, the Covid-19 pandemic has pushed many already poor and struggling people deeper into poverty. The economic impact of the pandemic has disrupted livelihoods, hurt businesses and in some situations halted incomes.
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