National Social Investment Schemes Gulp N470.82bn in Three Years, Says Presidential Aide - THISDAYLIVE

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National Social Investment Schemes Gulp N470.82bn in Three Years, Says Presidential Aide - THISDAYLIVE via thisdaylive

The Special Adviser to the President on Social Investments, Mrs. Maryam Uwais, Thursday disclosed that a total sum of N470.82 billion had been released out of an annual approved budget of N500 billion and spent on the various National Social Investment Programmes of the federal government between 2016 and 2018.

The special adviser further disclosed that out of the $322 million Abacha loot released and kept at the Central Bank of Nigeria , an equivalent of $22.21 million had so far been disbursed for NSIPs. According to her, N-Power is the employability and enhancement programme of the federal government aimed at imbibing the learn-work-entrepreneurship culture in the youth between 18 and 35 for graduates and non-graduates.

According to her, the GEEP has the responsibility to provide collateral and interest-free financial support to businesses at the bottom of the financial pyramid.

 

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