9 Dec 2015

KINGSLEY IGWE

FG to Spend N500bn on Poor Nigerians in 2016



President Muhammadu Buhari has proposed to spend N500bn on social services to cater for the needs of youths and other “vulnerable” groups in 2016.
The proposal was contained in the 2016-2018 Medium Term Expenditure Framework and Fiscal Strategy Paper, which he sent to the National Assembly on Tuesday.

Buhari wrote separate letters to the President of the Senate, Bukola Saraki, and the Speaker of the House of Representatives, Mr. Yakubu Dogara, which were read to members in the respective chambers.

Punch reports that the document explained that the social welfare programme would be executed in 
phases but did not categorically say whether it was meant to implement his administration’s promise to pay each unemployed person in the country N5, 000 monthly.

However, it added that that the scheme would also take care of the school feeding programme initiative as well as the “conditional cash transfer to the most vulnerable and a post-NYSC grant.”

Buhari explained that the intervention would start next year as a pilot scheme, adding that his government would work towards securing the support of donor agencies and development partners in order to minimise potential risks.
“Government will institute policies to ensure that our students learn skills and provide funds and equipment that will make them self-employed upon graduation. This will be supported by a post NYSC grant,” the document stated.
The House will open debate on the MTEF and FSP on Wednesday (today).

This is the first time in the history of Nigeria that federal government budget will include package to directly cater for social welfare of poorest of the poor and other vulnerable people in our country.

KINGSLEY IGWE

About KINGSLEY IGWE -

I've even gone so far as to verbalize it specifically, time is too precious to waste on trivial arguments and negativities. I'd rather get on to the more fun and rewarding stuff right away!

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