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Home Economy Finance

Federal Government says 1.9m Nigerians receive N5,000 Monthly

by Justice Godfrey Okamgba
March 3, 2023
in Finance
0
Hajia Sadiya Farouq,
UBA
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On Thursday, the Federal Government announced that 1,940,004 vulnerable Nigerians are currently receiving N5,000 cash gifts each month.

This was stated by Hajia Sadiya Farouq, Minister of Humanitarian Affairs, Disaster Management, and Social Development, at a One-Day Stakeholders’ Retreat On National Social Investment (Establishment) Bill organized by the Senate Committee On Social Duties.

Dr. Nasir Gwarzo, the Permanent Secretary of the Ministry, represented Farouq at the event.

The goal of the National Social Investment Programme Establishment Bill, according to the minister, was to provide a statutory and institutional framework for the National Social Investment Programme’s implementation.

The minister explained that the National Social Investment Programme Establishment Bill’s goal was to provide a statutory and institutional framework for the National Social Investment Programme’s implementation.

She stated that the President, Major General Muhammadu Buhari (retd. ), established the NSIP in 2016 to address social and economic inequalities and alleviate poverty among Nigerians.

According to her, four social support programs are meant to empower the poorest and most vulnerable Nigerians to enable them to attain an acceptable standard of living.

She said, “Since the inception of the NSIP in 2015, one million youths have been empowered through the N-Power Programme and additional 500,000 others are currently undergoing various forms of training under the program as approved by the President.

“The cash transfer has enrolled 1,975,381 poor and vulnerable households from the National Social Register into a National Beneficiary Register. The NBR alone has 9, 841, 700 household individuals in the 36 states of the federation.

“The Cash Transfer supports the poor and vulnerable to improve consumption and develop savings skills to reduce the poverty line and build their resilience to withstand shocks.

“A total of 1, 940, 004 beneficiaries are currently receiving cash transfers each month. Public Primary Schools across the country have witnessed an unprecedented number of new enrollments as a result of the National Home-Grown School Feeding Programme.

The program is currently feeding 10 million pupils in over 66, 000 public schools across Nigeria. The program is gradually reducing cases of out-of-school children nationwide.”

 

 

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  • Justice Godfrey Okamgba
    Justice Godfrey Okamgba

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Tags: CBNFundsHajia Sadiya FarouqNigerians
Justice Godfrey Okamgba

Justice Godfrey Okamgba

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