Latest Politics Top Stories

Presidency denies claim on number of SIP beneficiaries

Maryam Uwais

Special Adviser to the President on Social Investments, Mrs Maryam Uwais, has asked the public to disregard reports claiming that 6.6 million poor and vulnerable Nigerians were benefiting from the National Cash Transfer initiative.

Media reports had quoted the presidential aide as saying that 6.6 million people were being paid the N5,000 monthly stipend.

Uwais, in a statement on Saturday in Abuja, clarified that 620, 947 poor and vulnerable Nigerians were actually benefiting from the scheme, which she stated was a key component of the National Social Investment Programme of the federal government.

She explained that, “Although 1,491,296 households, comprising 6,056, 872 individuals have been captured on the National Social Register, only 620,947 of them are currently receiving the monthly payments and are being supported by trained community facilitators.

READ ALSO: CBN report suggests 7 banks might not survive heavy withdrawals

“I also want to clarify reports making the rounds that the Federal Government made a budgetary provision of N30 billion for 2020, as against the usual 500 billion benchmark for the N-SIP since 2016.

“Nothing has changed in the budgeting cycle as relates to the Social Investment Programmes (SIP).

‘FG spends N5bn on social investments programmes in Bayelsa’

“The SIP budget has always been pegged at N400 billion, while another N100 billion has been domiciled in the Federal Ministry of Finance, as counterpart of the Social Housing Fund,” she explained.

Uwais expressed hope that shortfalls in budgetary releases in the last three years would be a thing of the past.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Join the conversation

Opinions

About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

Do NOT follow this link or you will be banned from the site!