The Federal Government has unveiled a social investment package designed to impact on the lives of over eight million Nigerians, the Vice President's Senior Special Assistant has disclosed. During an interactive session with journalists in Abuja on Sunday, Dr. Laolu Akande, the Senior Special Assistant on Media and Publicity to the Vice President, disclosed that the President Buhari-led Federal Government has unveiled a social investment package designed to impact on the lives of over eight million Nigerians.
Akande who explained that some parts of this package would become operational in the coming weeks, said that one of the highlights of the package, is the feeding of 5.5 million school children, who are to be fed for 200 school days in the first phase of homegrown school feeding programme for which N93.1billion was budgeted.
Another element of the package is the proposed provision of soft loans to over 1.76 million traders, market women, men, artisans and those involved in agriculture. The loans, he explained, will not require to be conventionally collateralized. Some traders, he said, may get about N60,000. A total sum of N140.3billion has already been appropriated for this in the budget.
Also, one hundred thousand artisans are to be trained in a programme for which N191.5 billion has been budgeted, as well as one million desperately poor and vulnerable Nigerians are to be paid N60,000 stipend this year in a monthly installment of N5000.
The presidential aide added that Five hundred thousand unemployed graduates, will be paid between N23,000 to N30,000 per month. They will be trained and deployed to work as volunteer teachers, public health officers, and extension service workers among other responsibilities.
Beneficiaries of the scheme will also be given electronic devices to empower them technologically both for their assignments and beyond. In tertiary institutions, 100,000 tertiary students in Science Technology Engineering & Mathematics (STEM) and Education, Akande further disclosed, will benefit from education grants for which N5.8billion has been already provided for in the budget. This payment, he added, will be directly made to the students.
Quote
"When added together this year alone, more than 8 million Nigerians would be benefiting from the Social Investment budget. "Long before now, the Presidency has made adequate arrangements in the 2016 budget to ensure that Nigerians are lifted from poverty and hardship. "The Buhari presidency is keen to ensure that Nigerians are lifted and that if necessary, on an ongoing basis, palliative measures would always be considered to address the conditions of the people," s
aid Akande, who operates from the Vice President's office.
I am a metro reporter on Gistmania, I have been publishing news materials for over 5 years
Posted: at 16-05-2016 11:12 AM (7 years ago) | Hero
yawa_don_gas at 16-05-2016 11:15 AM (7 years ago) (m)
See yawa money
Posted: at 16-05-2016 11:15 AM (7 years ago) | Addicted Hero
Naijapals! I found this somewhere, a caring Nigerian in Europe wrote, i want to share with you. Do you agree?
WE CANNOT BE IRRESPONSIBLE SAYING AND MAKING THE SAME MISTAKES OVER AND OVER AGAIN. IF THE NEW GOVERNMENT REALLY WANTS TO SUPPORT UNEMPLOYED GRADUATES IN NIGERIA. IN ALL HONESTY, BACKED-UP WITH TRANSPARENCY AND RESPONSIVENESS TO THE PREDICAMENTS OF INNOCENT SUFFERING NIGERIANS. IN PLACE OF DISHING OUT THIS MONEY IN BITS TO UNEMPLOYED GRADUATES, IT IS MORE LOGICAL TO IMMEDIATELY INVEST THIS HUGE SUM OF MONEY (N.5TRILLION) INCLUDING THE RECOVERED STOLEN MONIES IN CREATING RELIABLE JOBS IN ALL THE 36 STATES OF NIGERIA FOR ALL UNEMPLOYED PEOPLE AND INITIATE A STRONG AND CONSISTENT STRATEGIC MANAGEMENT FOR THE LONGEVITY OF THE JOBS.
-CHIKA J. NJOKU
Posted: at 16-05-2016 12:59 PM (7 years ago) | Gistmaniac
Naijapals! I found this somewhere, a caring Nigerian in Europe wrote, i want to share with you. Do you agree?
WE CANNOT BE IRRESPONSIBLE SAYING AND MAKING THE SAME MISTAKES OVER AND OVER AGAIN. IF THE NEW GOVERNMENT REALLY WANTS TO SUPPORT UNEMPLOYED GRADUATES IN NIGERIA. IN ALL HONESTY, BACKED-UP WITH TRANSPARENCY AND RESPONSIVENESS TO THE PREDICAMENTS OF INNOCENT SUFFERING NIGERIANS. IN PLACE OF DISHING OUT THIS MONEY IN BITS TO UNEMPLOYED GRADUATES, IT IS MORE LOGICAL TO IMMEDIATELY INVEST THIS HUGE SUM OF MONEY (N.5TRILLION) INCLUDING THE RECOVERED STOLEN MONIES IN CREATING RELIABLE JOBS IN ALL THE 36 STATES OF NIGERIA FOR ALL UNEMPLOYED PEOPLE AND INITIATE A STRONG AND CONSISTENT STRATEGIC MANAGEMENT FOR THE LONGEVITY OF THE JOBS.
-CHIKA J. NJOKU
Absolutely TRUE.... Wonder why the leaders don't reason in this line...
Posted: at 16-05-2016 02:09 PM (7 years ago) | Gistmaniac
yawa_don_gas
Eazyatumeyi
akinmanchy
Oworen25
ahmedmedal
sammyjay8265
gogoman
Iykome
jaypgain
DMG17
kabukabu
Anny01
raynebee
Haso112
deboalabi262
CHRISETTE
XTnote
TRENDING GISTS 
'God Won't Forgive Me If I Forget Leaders Who Put Me In Office When...' - APC Gov. Aspirant, Okpebholo
Owners of Abuja Chinese Supermarket Where Nigerians Are Barred Respond to FCCPC‘s Summons
PHOTOS: 8 Years Old Girl Severely Assaulted and Left Almost Blinded by Her Aunt in Lagos
Sports Minister, John Enoh Roots For Peseiro’s Return To Super Eagles
Federal Govt Suspends Dana Airline Indefinitely Over Safety Concerns