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Osinbajo ‘FG to pay N5000 to 1 million poor citizens in 2016,’ Vice President says

This was disclosed via a statement released by Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande on Sunday, May 15, 2016.

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Yemi Osinbajo play

Vice President of Nigeria, Yemi Osinbajo

(NAN)

The Federal Government is set to pay N5000 monthly to one million extremely poor Nigerians for 12 months, Vice President, Yemi Osinbajo has said.

This was disclosed via a statement released by Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande on Sunday, May 15, 2016.

It reads in part:

Altogether, the Federal Government would be directly impacting the lives of more than eight million Nigerians in different social investment 2016 budget spending that would provide succour and be a ready-made palliative to ordinary Nigerians.

The direct payment of N5000 monthly to one million extremely poor Nigerians for 12 months as provided for in the 2016 budget for which N68.7B has been appropriated. There is also a direct provision of very soft loan -cash for market women, men and traders, including artisans and agric workers. This would be for a total of 1.76m Nigerians, without the requirement for conventional collateral.

Some of the traders will likely get about N60,000. A total sum of N140.3b has already been appropriated for this in the budget. At least 5.5 million Nigerian primary school children –i.e. starting first in 18 states-three per geopolitical zones-would be fed for 200 school days under the free Homegrown School Feeding Programme. N93.1B has been appropriated for this in the 2016 budget.

100,000 tertiary students in Science Technology Engineering & Maths-STEM, plus Education will partake in the N5.8b already provided for this education grant in the budget. This payment would also be paid directly to the students.

Long before now, the Presidency has made adequate arrangements in the 2016 budget to ensure that Nigerians are lifted from poverty and hardship.

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