President Buhari set to give 1 million poor Nigerians ₦5,000 each

– The federal government is set to pay 1 million vulnerable Nigerians the N5,000 monthly stipends

The presidency has also ruled out the need for the  Nigerians to apply online before they can benefit from the monthly Conditional Cash Transfer

– The vice president’s media office has released a statement in reaction to some misleading reports in the media regarding the implementation of the N500 billion Social Investment Programmes of the Buhari administration

The need for the poorest and vulnerable Nigerians to apply online before they can benefit from the monthly N5,000 Conditional Cash Transfer was on Thursday, November 3, ruled out by the federal government.

This was contained in a statement issued by the Vice President Yemi Osinbajo’s media office.

READ ALSO: FG releases N25billion to pay monthly N5,000 stipends

The statement was in reaction to some misleading reports in the media regarding the implementation of the N500 billion Social Investment Programmes of the Buhari administration.

Read the statement below:

“While we understand the need for an ongoing public discussion of this unprecedented budgetary allocation in favor of the Nigerian people especially the poorest and the most vulnerable, it is not correct to claim any form of mismanagement or marginalization whatsoever.”

“There has not been any disbursement from the allocated fund not to talk of any kind of mismanagement at all. While it is true that funds are being released for the social investment programmes, it is rather preposterous for now to say there is no evidence where the funds have gone to.

“As an administration noted for its transparency, we intend to fully keep Nigerians posted on all financial expenditure in line with extant laws of the country.

READ ALSO: GOOD NEWS: FG opens vacancy for 90 jobs; Check out how to apply

“Of the series of social investment programmes we have outlined, only the job creation scheme-N-Power requires an online registration from unemployed graduates and non-graduate youths.”

 

About a week ago, the minister of State for Budget and National Planning Zainab Ahmed says the federal government has released the first set of funds for the implementation of the N5,000 monthly stipends and other social programmes.

The funds, she said, was for the social intervention programmes of the administration and she added that an additional N40billion would also soon be released to the initial N25billion.

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