The Federal Government on Thursday revealed that it has spent $22.216 million out the $322 million recovered Abacha loot on various empowerment schemes in its strategic efforts to lift millions of Nigerians out of poverty.
Speaking in Abuja while giving account of the National Social Investment Programme (NSIP) of the Buhari administration, the Senior Special Adviser to the President on Social Investments, Maryam Uwais revealed that the disbursement of Abacha loot commenced in 2018 as the National Social Investment Office (NSIO) needed to sort out issues with the back end and ensured it dismantled all identified glitches.
According to her, the Social Investment Programmes are anchored on four broad pillars which are the N-Power, Conditional Cash Transfers (CCT), National Home-Grown School Feeding and Government Enterprise and Empowerment Programmes (GEEP).
She added that each of the schemes uniquely targets different subgroups of Nigerians for empowerment; irrespective of religion, political affiliation and social class.