2020 Budget: Buhari slashes allocation to social investment programmes by 94%

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Mr Buhari had given N500bn to SIP in each of the previous budget cycles but has allocated N30bn in 2020

President Muhammadu Buhari has slashed allocation to a key social intervention scheme of his administration, the Social Investment Programmes , by a massive 94 per cent.

The Buhari administration introduced the SIPs in 2016. The programmes include N-Power, National Home-Grown School Feeding Programme , National Cash Transfer Project , and Government Enterprise and Empowerment Programme . It was not clear by Wednesday night why the administration made such a huge slash of the budget for a programme the President often speaks fondly about.

”Accordingly, we are revamping and improving the implementation of the National Social Investment Programme through the newly created Ministry of Humanitarian Affairs, Disaster Management and Social Development.”Presidential spokesperson, Femi Adesina, referred PREMIUM TIMES to the Ministry of Finance and Budget Planning for explanations on the matter.

In the 2019 budget, the NEDC was allocated N45 billion, while the Niger Delta Ministry got N39.4billion.Despite the slash, president Buhari said the NEDC 2020 budget proposal ”would fast-track the rebuilding efforts in the North East region. The NEDC has the responsibility to “receive and manage funds from allocation of the Federal Account international donors for the settlement, rehabilitation and reconstruction of roads, among other social amenities in the war-ravaged North-East states.” The states are Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe.

 

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There goes your credibility

Fake news.....you should be ashamed.

You're to delete this falsehood Shame on you

Teach them how to fish, those in IDPS camps can learn skills too, be it 1naira.

Fake news.

Yes, he removed all that money so he can have extra cash to buy goro. Nonsense! Your ignorance, deliberate or selective amnesia makes me sick

So cable can see the money now and it's no more vote buying?

You've joined your fellow FakeNews outlet, SaharaReporters who are 'asara' to journalism. And now so are you! Yan banza. Tsinannu.

You guys have become fakers

Its not true, this news is fake.

Election is finished.

Kikikikiki

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