Osinbajo to Coordinate Presidency’s N500 Billion Welfare Programme

Nigeria's Unemployment Figure

President Mohammadu Buhari’s has announced its plan to set aside N500 billion to cater for the poor, a culmination of several well-thought out programmes to directly connect with the extremely poor, and the needy which will be overseen by the vice-president.

Senior Special Assistant Media and Publicity in the Office of the Vice President, Mr. Laolu Akande, who made this known in Abuja yesterday, said the plan of the President Buhari administration is not only comprehensive but has taken care of some of the factors that led to the failure of previous poverty alleviation schemes in the past.

“One of the major differences here is that the social intervention programme such as the Conditional Cash Transfer, CCT, would be a direct transfer of N5000 monthly to the extremely poor among us.The money would be paid directly to the people concerned on the condition of school enrollment and immunization.

Akande also explained that the School Feeding Programme, which is another aspect of the social intervention programme, is going to be entirely homegrown.

Also, as part of the N500billon, there is in the budget proposals, a provision of no fewer than one million jobs in 2016, including 500,000 graduate-youths to be engaged as teachers and another 500,000 non-graduate unemployed people who would be trained as artisans, making a total creation of about one million direct jobs.