Note: This page summarizes the rationale behind a GiveWell grant to New Incentives. New Incentives staff reviewed this page prior to publication.
In a nutshell
In March 2025, GiveWell recommended a $19,127,586 grant to New Incentives to extend support for its conditional cash transfers to increase infant vaccination program in nine states in northern Nigeria through March 2028. Our best guess is that this grant will lead to over 170,000 more children being vaccinated than would have been otherwise. (more)
We're recommending this grant because:
- We continue to estimate that New Incentives' program is highly cost-effective, ranging from 11-44x as cost-effective as unconditional cash transfers across the states covered by this grant, with a weighted average of 22x (more). This is above our bar for directing funding. We made updates to our model of the program during review of this grant and are relatively confident in the cost-effectiveness of the program. (more)
- We have a strong qualitative impression of New Incentives, as we discuss in our review of the organization. New Incentives stands out for its commitment to maximizing cost-effectiveness, improving its programming, and transparency. (more)
- This grant ensures New Incentives maintains a minimum of 24 months of funding runway, which we believe is important to allow it to execute a responsible phaseout of the program should that be necessary. (more)
Our main reservations about this grant are:
- We believe that providing incentives to caregivers and stipends to healthcare workers carries the risk of distorting the health system and caregiver behavior both during the program (more) and after it ends (more).
- We have heard some concerns from stakeholders in Nigeria regarding the sustainability of the program and the fact that it is implemented by its own staff rather than through government health workers. (more)
At the time of recommending this grant, we do not expect New Incentives' program to be directly impacted by cuts to U.S. foreign assistance. However, we think it's plausible that foreign aid cuts will disrupt the broader health system in Nigeria, particularly through reduced healthcare worker capacity and training and disruptions to the vaccine supply chain. We believe there are a variety of ways these disruptions could indirectly affect New Incentives' program. For example, these disruptions could theoretically increase the impact of New Incentives' program if children are less likely to get vaccinated through other vaccination efforts like campaigns and more caregivers now need to travel to receive vaccinations, or reduce its impact if New Incentives' program is unable to increase vaccination rates as much as estimated due to healthcare worker absenteeism or high rates of vaccine stockouts.
We are working to better understand these and other potential disruptions to the health system in Nigeria, and their implications for New Incentives and other programs we fund. As part of that effort, we plan to regularly review New Incentives' monitoring data for signs of disruption to the health system and have asked New Incentives to keep us informed of any impacts it is seeing from foreign aid cuts.
For more on our response to these funding cuts, see our overview page here.
Published: June 2025
The organization
New Incentives’ conditional cash transfers (CCTs) for childhood vaccination program is one of GiveWell’s Top Charities. New Incentives was founded in 2011 and has been implementing its CCT program since 2016.1 Following promising results from a GiveWell-funded randomized controlled trial (RCT) of the CCT program, conducted by IDinsight, New Incentives began scaling up its program in December 2020.2
GiveWell has been supporting New Incentives since 2014, when we made an incubation grant to its program,3 and has since directed over $130 million to New Incentives.4 The organization currently operates in 11 states in northern Nigeria,5 where we expect child mortality from vaccine-preventable diseases to be high.6
For more on New Incentives, see our review of the organization.
The intervention
New Incentives' program aims to increase uptake of routine childhood vaccinations by providing small cash incentives to caregivers to help cover the transportation and opportunity costs of attending vaccination sessions.7
New Incentives also works to address other barriers to vaccination, such as lack of awareness about vaccines, misconceptions about vaccination safety,8
and bottlenecks in the vaccine supply chain.9
Caregivers receive 1,000 naira (~$0.6210
) when their infant receives each dose of the following vaccines: BCG (for tuberculosis), PENTA (for diphtheria, tetanus, pertussis, hepatitis B, and HIB), PCV (for pneumococcal diseases; with doses delivered at the same visits as the PENTA vaccine doses), and MCV (for measles), for a total of 6,000 naira across the 6 vaccination visits where these vaccines are provided.11
Caregivers also receive a 5,000 naira (~$3.20) completion incentive when their infant completes the full immunization schedule.12
For more details on our assessment of New Incentives' program, see our intervention report.
The grant
This $19,127,586 grant will ensure New Incentives has funding to continue operations across nine states in northern Nigeria from January 2027 to March 2028.13 Our best guess is that this grant will lead to over 170,000 more children being vaccinated than would have been otherwise.14
With this funding, New Incentives will continue employing field officers to verify infant vaccinations and provide caregiver incentives, conducting regular coverage surveys to measure vaccination coverage in areas where New Incentives operates, supporting community outreach efforts to raise awareness about the program and the importance of vaccinations, and identifying and addressing vaccine supply issues.15
Budget for grant activities
The grant amount was determined after accounting for projected surplus funds from 2024-2026, estimated additional funds from outside sources, and surplus from our Niger and Yobe expansion grant. The budget breakdown by category for 2025 (which we expect to be roughly consistent for 2027) is as follows16 :
- Conditional cash transfers: ~37%
- Field activities, transportation, field supplies, and stakeholder relations: ~23%
- Staff compensation: ~32%
- Office expenses, including accounting and legal: ~3%
- Communications and technology: ~6%
The funding breakdown by state is:17
- Bauchi: $2,823,596
- Gombe: $1,392,280
- Jigawa: $2,563,357
- Kaduna: $1,066,981
- Kano: $5,373,941
- Katsina: $3,057,811
- Kebbi: $1,314,208
- Sokoto: $832,766
- Zamfara: $702,646
Niger and Yobe states, which are also part of New Incentives' program, are not included in this grant as they are already funded for this period through our October 2024 expansion grant.
New Incentives' budget is based on a cost per infant estimate of $16.25 at a foreign exchange rate of 1,625 naira to USD,18 and an infant enrollment target of 1,915,704 for 2027 (including enrollments in Niger and Yobe, which are funded separately)19 .
The case for the grant
We are recommending this grant because of:
- High estimated cost-effectiveness: We estimate New Incentives' program is highly cost-effective, ranging from 11-44x20 as cost-effective as direct cash transfers21 across the states covered by this grant, with a population-weighted average cost-effectiveness of 22x. This is well above our funding bar of 8x for top charities. More on the cost-effectiveness of the grant below.
- Strong qualitative impression: New Incentives continues to stand out for several qualities we look for in grantees: focus on maximizing cost-effectiveness, attitude towards self-improvement, extensive information sharing, and openness to providing us feedback. See more about our assessment of New Incentives in our review here.
- Sustainable funding runway: This grant ensures New Incentives maintains a minimum of 24 months of funding runway between our funding decisions. Our goal in providing a funding runway is to commit enough money upfront that if GiveWell were to stop renewing funding for New Incentives for any reason, it can continue the program while it either plans for phaseout or fundraises from other sources. We believe this length of runway is necessary given the length of the vaccination schedule, the geographic footprint of the program, the program's integration with the health system, and concerns about potential distortions to behavior when the program ends. We plan to continue exploring with New Incentives and other stakeholders how to best structure our longer-term commitments to the program.
- Increased confidence in our model: We've made significant improvements to our cost-effectiveness model for New Incentives over the past year, including updates to our estimates of disease burden, the program's effect on vaccination uptake, counterfactual vaccination coverage, and program costs. More below.
Cost-effectiveness
The cost-effectiveness of this program is driven by several key factors:
- High burden of vaccine-preventable diseases in northern Nigeria. We estimate that unvaccinated children in the states covered by this grant have a 4-8% chance of dying from vaccine-preventable diseases before the age of five.
- New Incentives' program increases vaccination rates. Based on results from a GiveWell-funded randomized controlled trial (RCT) of the program, conducted by IDInsight, and ongoing coverage surveys, we estimate that New Incentives' program leads to an 11-19 percentage point increase in mortality-weighted vaccination coverage across the states where it operates.
- Vaccination is effective at preventing disease and death. We estimate that receiving the full set of vaccines that we model reduces the risk of dying from vaccine-preventable diseases by 51-55% in children under age five.
- The benefits per child are high. While the per-child cost of this program is high relative to many other programs we fund, we estimate that the benefits per child enrolled are also very high: at a cost of $19.08 per unique child reached, but $1,400-$5,100 per life saved.
Below is a simple cost-effectiveness analysis for Bauchi state, where we estimate New Incentives' program has a cost-effectiveness of 22x cash transfers, roughly equal to the weighted average across all states covered by this grant.
Bauchi | Confidence intervals (25th - 75th percentile) | Implied cost-effectiveness | ||||
---|---|---|---|---|---|---|
Grant size | $2,823,596 | |||||
Under-five mortality benefits | ||||||
Cost per child reached | $19.08 | $16.21 - $21.94 | 19x - 26x | |||
Proportion of reached children who would be vaccinated in the absence of the program | 78% | 66% - 90% | 11x - 33x | |||
Number of additional children vaccinated as a result of the program | 32,377 | |||||
Probability that an unvaccinated child will die of vaccine-preventable causes before age 5 | 6% | 4.15% - 8.62% | 14x - 29x | |||
Effect of vaccination on under-five deaths attributable to vaccine-preventable disease | 51% | 41% - 62% | 17x - 26x | |||
Number of deaths averted before age five | 1061 | |||||
Initial cost-effectiveness estimate | ||||||
Cost per under-five death averted | $2,662 | |||||
Moral weight of averting the death of a person under age five | 116 | |||||
Initial cost-effectiveness in terms of multiples of GiveDirectly's unconditional cash transfer program | 13x | |||||
Adjustments for the proportion of program effects from each benefit | ||||||
Mortalities averted before age five | 66% | |||||
Mortalities averted after age five | 16% | 10% - 22% | 21x - 23x | |||
Developmental benefits (long-term income increases) | 28% | 0% - 57% | 17x - 26x | |||
Consumption benefits | 2% | 1% - 2% | 22x - 22x | |||
Additional adjustments | ||||||
Adjustment for additional program benefits and downsides | 33% | 15% - 51% | 19x - 25x | |||
Adjustment for grantee-level factors | -7% | -11% - -4% | 21x - 23x | |||
Adjustment for leverage | -8% | |||||
Adjustment for “funging” | -5% | -6% - -4% | 22x - 22x | |||
Final cost-effectiveness estimate | ||||||
Final cost-effectiveness in terms of multiples of GiveDirectly's unconditional cash transfer program | 22x |
Our cost-effectiveness estimates vary significantly across states due to differences in baseline vaccination rates and disease burden. Of the states covered under this grant, Kebbi has the highest estimated cost-effectiveness at 44x cash transfers, while Kaduna has the lowest at 11x.
Cost-effectiveness model updates
Alongside this grant renewal, we re-evaluated the evidence for New Incentives’ impact at scale and are relatively confident that the program is having large effects on vaccination uptake. We expect to publish more information on the updates we've made to our model in our New Incentives intervention report. We’ve also made a number of other changes to our cost-effectiveness model to improve our estimates for other key parameters, including disease burden, counterfactual vaccination coverage, program costs, and herd effects from vaccines. These key parameters were previously scrutinized by our cross-cutting team during its red-teaming project, which examined our top charity cost-effectiveness models with a critical eye in order to identify mistakes or gaps in our research. Overall, we are now more confident in our model of New Incentives' impact as a result of these efforts.
Even with conservative assumptions, our estimates of the impact of this program generally remain above our funding bar; see our cost-effectiveness estimates across our 25th - 75th percentile confidence interval for key parameters here.22
Risks and reservations
Our main reservations about this grant are:
- Potential distortionary effects on the health system. In addition to the incentives provided to caregivers for receipt of routine childhood vaccinations, New Incentives also provides 1,000 naira stipends for vaccinators when conducting outreaches that require transportation, as well as 1,000 naira weekly stipends for community members and town criers for supportive activities to further increase vaccination uptake.23 Some stakeholders have expressed concerns that this support could create dependency and make these activities, such as vaccination outreach sessions, less likely to occur without external funding.24 We have limited evidence on how significant these effects might be, and we are pursuing opportunities to learn more. However, New Incentives has not yet withdrawn this type of support in any locations (and has no current plans to do so), so it's not possible to directly observe how behaviors change as a result. We aim to continue deepening our relationships with other stakeholders in Nigeria so we can better understand how New Incentives' program interacts with the broader vaccination landscape.
- Potential negative effects when incentives end. A common concern we have heard about incentive programs is that they could have negative effects on behavior when incentives are eventually discontinued. While we include an adjustment in our cost-effectiveness model for this risk when considering expansion to new areas, we have limited evidence to date to help us estimate the size and direction of potential post-program effects.25 We are actively pursuing opportunities to study the post-program effects of other incentives for immunization programs. We will also continue discussing phaseout plans with New Incentives, and brainstorming strategies to try to mitigate negative effects upon the withdrawal of incentives.
- Opposition from some stakeholders. Some stakeholders in Nigeria have expressed reservations about the program, particularly regarding its sustainability and how the program is implemented through its own staff members instead of through clinic staff.26 While we believe New Incentives formulated its strategy for stakeholder engagement after careful consideration, its approach might limit opportunities to impact the broader health and development space through collaboration and/or increased buy-in for the program at the national level and among global health actors. This approach could also make the program more vulnerable to disruptions from opposition by other partners or the federal government. We have not seen any major disruptions to date. We plan to continue monitoring program challenges via New Incentives' monitoring data and our monthly check-ins.
- Possible excess incentive costs. New Incentives increased the size of incentives in 2024 by introducing a new 5,000 naira incentive for completing the immunization schedule,27 but did not see an increase in program enrollments after this change took effect.28 We originally approved this new incentive because we worried that the prior incentive structure was not maintaining its value relative to the RCT due to high inflation in Nigeria,29 and were concerned that a lower value incentive may not encourage vaccinations to the same extent as during the RCT. We would have expected a large, sudden change in the incentive to result in more children enrolling, if caregivers are sensitive to the size of the incentive. It's possible that it's taking time for information to spread about the higher incentive and the effects will be gradual over time. However, if caregivers are not in fact very sensitive to the size of the incentive, then this additional payment may be unnecessary to achieve roughly the same effect on vaccination uptake. We plan to revisit the incentive structure with New Incentives in the future to explore whether a different structure might be more cost-effective.
Plans for follow up
We will continue to assess New Incentives' program through the following activities:
- Monthly check-ins with New Incentives to discuss program operations, challenges, and achievements
- Annual review of program metrics, including enrollment numbers, costs, retention rates, and stockout rates, among other data
- Continued updates to our cost-effectiveness model, based on new information from New Incentives, data or research from outside sources, conversations with outside experts, and other methods of interrogating our model
- Exploration of a project with an external partner to better understand New Incentives' coverage survey data and monitoring processes
- A potential site visit (pending security conditions)
- Continued engagement with other stakeholders in Nigeria
- Exploring opportunities to study post-program effects of other incentives for immunization programs
Our 2025 follow up plans for New Incentives' program are recorded here.
Internal forecasts
For this grant, we are recording the following forecasts:
Confidence | Prediction | By time | Resolution |
---|---|---|---|
65% | At the time of our next renewal decision (March 2026), our bar for Top Charities will be >8x cash. | March 2026 | - |
55% | At the time of our next renewal decision (March 2026), we will estimate that at least one of New Incentives' 11 operating states is below our funding bar for Top Charities. | March 2026 | - |
65% | In Q1 2026, we will calculate New Incentives' 2025 cost per child, before adjusting for duplicate enrollments, was <$17 (the 2024 cost per child). | March 2026 | - |
45% | In 2025, the % of clinics where the program is paused will be ≥ 2% | February 2026 | - |
20% | By January 2026, at least one additional funder (not in direct response to a GiveWell recommendation) will commit over $5M to support New Incentives' program | January 2026 | - |
80% | Program monitoring data in 2025 will show a retention rate through measles 1 that is no more than 5 percentage points less than the 2023 rate (87%) | March 2026 | - |
55% | A GiveWell-commissioned external monitoring review for New Incentives will start by June 2025. This prediction would count as true if a partner was selected by June. | End of June 2025 | - |
75% | A GiveWell-commissioned external monitoring review for New Incentives will start by December 2025 | End of December 2025 | - |
Our process
Our investigation for this grant included:
- Reviewing New Incentives' 2024 program data, expenses, and coverage survey results
- Analyzing New Incentives' budget and cost per child
- Updating our cost-effectiveness analysis for New Incentives' program, including incorporating new evidence on treatment effects, burden estimates, and counterfactual coverage trends, among other updates.
- Speaking with other stakeholders in Nigeria, including representatives from Gavi, the Gates Foundation, and state health officials in Kaduna and Sokoto, among others
- Reviewing New Incentives' progress against our follow-up plans from previous grants
- Discussions with New Incentives' leadership about program operations, phaseout plans, and engagement with external stakeholders, among other topics