FG releases billions of Naira for N-Power, others
The federal government of Nigeria has released N470.8 billion for social investment programmes from 2016-2018.
The Federal government has released N470.8 billion for the delivery of social investment programmes across the country.
The Special Adviser to the President on Social Investment, Mrs Maryam Uwais disclosed this on Thursday in Abuja at a press conference on the progress of the social investment programmes initiated by the President Muhammadu Buhari administration.
It was gathered that the four-broad programmes are the N-Power, Conditional Cash Transfers, National Home-Grown School Feeding and Government Enterprise and Empowerment Programmes (GEEP).
“Under N-Power, we have 526,000 youth spread across 774 LGAs teaching in public schools, acting as health workers in primary health centres and as Agric extension advisors to smallholder 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.
“Today, we have 103,992 cooks on our payroll, feeding 9,714,342 pupils in 53,715 government primary schools around 31 States. These children are able to eat a balanced diet, towards improving their learning outcomes.
“Also, under the GEEP, we have 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.