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Nigeria dedicates $1.54 billion towards social investment between 2016 and 2018

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Kenya’s regional bank reports 19.7 million dollars in profit

Maryam Uwais, announced that Nigeria released 1.54 billion dollars between 2016 and 2018 for the delivery of its social investment programmes across the country.

The four-broad programmes are the N-Power, Conditional Cash Transfers, National Home-Grown School Feeding and Government Enterprise and Empowerment Programmes (GEEP).

The Special Adviser to the President, Maryam Uwais, said this on Thursday, 23 May 2019, in Abuja at a press conference on the progress of the social investment programmes initiated by the President Muhammadu Buhari administration.

She said that from 2016 till date, the Federal Government budgeted an annual sum of N500 billion for social investment, however, in 2016 only N79.98 billion was released.

Similarly, she said N140 billion was released in 2017 and N250.4 billion in 2018.

She also revealed that out of the 322 million dollars Abacha recovered loot, which was to be used for the social investment programmes, only 22 million dollars had been utilised by her office.

Uwais said at the end of March, the National Social Investment Programmes had made direct impacts on 12 069 153 beneficiaries, and over 30 million secondary beneficiaries, comprising the cooks, farmers, families, employees and members of the community.

Under N-Power, there were 526 000 youths spread across 774 local governments teaching in public schools, acting as health workers in primary health centres and as agric. extension advisors to small holder farmers in our communities.

“Nigeria is fast on its way to becoming the leader in Africa in the National Home-Grown School Feeding Programme by feeding over 9.7 million pupils and still counting,’’ she said.

He said that there were 103 992 cooks on the payroll, feeding 9 714 342 pupils in 53 715 government primary schools around 31 states.

The projects under the GEEP initiative were the FarmerMoni, MarketMoni and TraderMoni.

“For the first two, funds between 10 000 to N350 000 are paid into the accounts of the successful applicants, who belong to a registered cooperative and have a bank account.

“For TraderMoni, petty traders are given a loan of N10 000 and upon repayment within six months, the beneficiary becomes eligible for a larger amount, at which point they must open a bank account,’’ she said.

The Head of the Cash Transfer Programme, Henry Ayede said, using the National Social Register data on poor and vulnerable households in the country, the government currently pays N5 000 monthly to 872 700 households.

He said that the beneficiaries were identified by the communities; therefore, the government was sure that the money was getting to those in true need.

In addition, the Head of the School Feeding Programme, Bimbo Adesanmi, said that the government was spending about N70 to feed a child under the programme.

According to her, the government is able to spend less on nutritious meals by sourcing for all ingredients directly from the farmers without using middlemen.

She also disclosed that the government deworms the children benefiting from the programme every six months to reduce the frequency of infections.

– APA

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