TRENDING IN 48-Hrs

FG plans to spend N863bn in poverty reduction, social intervention

The Federal Government budgeted the sum of N863 billion for its various intervention programmes for the fiscal year ended December 2022, representing 5.3 percent of N16.39 trillion budgeted for the year.

The special intervention programmes cover national poverty reduction plans including the upscaling of National Social Investments Programmes (NSIP); and special interventions.

A breakdown shows that under the capital supplementation, the Federal government intends to spend N410 billion on its national poverty reduction including upscaling of NSIP. NSIP was set up in 2016, to tackle poverty and hunger across the country. The projects covered under the National Social Investment Programmes include the N-Power programme, the Conditional Cash Transfer (CCT) programme, Government Enterprise and Empowerment Programme (GEEP), a micro-lending intervention that targets traders, artisans, enterprising youth, farmers and women in particular, by providing loans between N10,000 and N100,000 at no monthly cost to beneficiaries and the Home Grown School Feeding (HGSF) programme.

Also, an additional N300 billion was budgeted for the FGN share of National Poverty Reduction with Growth Plan.

Special interventions/capital exigencies is expected to gulp N60.92 billion, while the Ministry of Humanitarian Affairs, Disaster Management and Social Development would get N62.59 billion for capital projects, while the Federal Ministry of Women Affairs is expected to get N8.05 billion.

Under the regional intervention programme, N65 billion was budgeted for reintegration of transformed ex-militants under the Presidential Amnesty Programme; N46.2 billion was voted for the North East Development Commission (NEDC), while N98.7 billion was allocated for the Niger Delta Development Commission (NDDC).

MOST READ TODAY

Follow Us on Google News

Get News Via Whatsapp

Get Updates Via Telegram

Got news tip? send us story

POPULAR TODAY


Leave a comment

MORE STORIES

MORE STORIES

MORE VIDEOS

MORE STORIES