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BRT-News > Economy News Extra > FG Targets 12Mn Beneficiaries Under ‘Next Level’ Social Investment Programmes
Economy News ExtraInvestments/Capital MarketLatest News

FG Targets 12Mn Beneficiaries Under ‘Next Level’ Social Investment Programmes

Omotola Collins
Last updated: 2019/04/17 at 4:01 PM
Omotola Collins
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The Federal Government on Wednesday projected that over 12 million Nigerians would benefit from its ‘Next Level’ National Social Investment Programme (N-SIP).

This is even as it hinted that its ongoing Home-grown School Feeding Programme had now been extended to 30 states with 9.5 million children now being fed  while 2.5 million farmers, cooks and others are benefitting from the value chains.

The Senior Special Assistant to the President on Media and Publicity (Office of the Vice-President), Laolu Akande, in a statement indicated that government was also targeting millions of Nigerians to benefit under various schemes being implemented.

With the National Social Investment Programmes (N-SIP) specifically designed to empower millions of Nigerians and improving their livelihood through several initiatives, the Presidential aide stated that in addition to the over 12 million beneficiaries under the next phase of the N-SIP,  over one million poorest households benefitting from the cash transfer.

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He stated: “In continuation of its efforts to invest in the country’s human capital development, the Buhari administration has continued to make significant strides through its National Social Investment Programmes (N-SIP).

“Millions of Nigerians nationwide are currently benefitting from the different schemes under the N-SIP, which is the largest social welfare scheme in the history of the country.

“Through its Conditional Cash Transfer (CCT) scheme, the administration is supporting the most vulnerable in society, while developing a skilled workforce for economic productivity by providing jobs for millions of Nigerian youths through the N-Power programme.

“The administration is also improving the learning and cognitive skills of Nigeria’s children through the Home-Grown School Feeding programme (NHGSFP).

“Also, the Government Enterprise and Empowerment Programme (GEEP) provide financial support through micro-credit schemes to small traders and businesses at the bottom of the financial pyramid”, Akande added.

He hinted further that during the second term of the President Buhari-led government tagged ‘Next Level’, more Nigerians will benefit from the various schemes.

He clarified: “While the Cash Transfer scheme aims to reach one million poorest households, one million new beneficiaries are expected to be added to the N-Power scheme, arguably the largest job creation and youth employment scheme in Africa.

“The administration’s National Home-Grown School Feeding Programme (NHGSFP), which has a target of reaching 12 million pupils, is currently feeding over 9.5 million public primary school (classes 1-3) pupils with one free, balanced and nutritious meal a day in 30 states nationwide; while it has empowered 101,913 cooks in these states.

“The HGSFP has not only helped to increase enrollment rates of pupils in these communities, it is also effectively tackling early year malnutrition, while improving the cognitive skills of children. The school feeding programme has also provided sustainable income for local farmers, cooks, which has increased growth and productivity in the local economy.

“As of March, 297,973 Nigerians in 20 states (including the Borno IDP camps) are current beneficiaries under the National Cash Transfer Policy Programme (Conditional Cash Transfer), which started in December 2017; with over 5,000 savings groups and cooperatives formed as a result”, Akande added

According to him, states currently receiving payment under CCT, which is designed to deliver timely and accessible cash to beneficiary households and so enhance their capacity for sustainable livelihood, now include Adamawa, Anambra, Bauchi, Benue, Borno, Cross River and  Ekiti.

Others are, Gombe, Jigawa, Kaduna, Kano, Katsina, Kogi, Kwara, Nassarawa, Niger, Osun, Oyo, Plateau, and Taraba states.

He explained that the GEEP, which has the MarketMoni, FarmerMoni and TraderMoni schemes as its components, now had a total of over 1.7 million beneficiaries.

Akande stated further  that since after the 2019 elections, 30,000 minimum beneficiaries had  been added to the TraderMoni scheme.

“In addition, upon repayment of the N10,000 loans, some beneficiaries in some states, including Lagos, Osun, Borno, Ogun and Benue have now started receiving the 2nd improved interest-free TraderMoni loan of N15,000.

“In the same vein, the administration’s N-Power scheme has currently engaged 500,000 youth graduates deployed to provide public health services in teaching, health, agriculture and tax and monitoring; and a further 200,000 non-graduates in training or attached to organisations as interns.”

For the school feeding programme, the SSA listed the benefitting states to include: Anambra, Abia, Akwa Ibom, Adamawa, Bauchi, Benue, Borno, Cross River, Ebonyi, Enugu, Kaduna, Kebbi, Kogi, Sokoto and Nasarawa.

Others are: Taraba, Ogun, Oyo, Osun, Plateau, Delta, Zamfara, Imo, Jigawa, Kano, Niger, Katsina, Ondo, Edo and Gombe.

TAGGED: banking, FG targets 12mn under 'Next Level' social investment programmes, FG's Conditional Cash Transfer (CCT) scheme, FG's Home-grown School Feeding Programme, Government Enterprise and Empowerment Programme (GEEP), National Home-Grown School Feeding Programme (NHGSFP), National Social Investment Programmes (N-SIP), revenue, taxation
Omotola Collins April 17, 2019 April 17, 2019
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BRTnews.ng, is an online publication with a strong penchant for investigative journalism. We have specialized skills in reporting business and economy globally but more particularly, banking and taxation matters.
Our team comprised of a few seasoned journalists whose high...

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