Presidency pushes for legalization of welfare plans as Buhari sends social investment bill

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President Muhammadu Buhari has initiated plans to legalize Social Investment Programs under his administration as he asks the Senate to consider the National Social Investment Program Bill.

This was revealed by Senate President Ahmad Lawan during Tuesday’s plenary session while reading a letter written to the House by the president.

Under the Social Investment Programs, the FG plans to lift 100 million out of poverty with schemes including Conditional Cash Transfer, N-Power, TraderMoni and others.

President Buhari stated in his letter to the Senate to institutionalize the Nigerian Social Investment Program (NSIP) in accordance with Section 8(2) of the 1999 Constitution.

  • He said: “Pursuant to Section 8(2) of the Constitution of the Federal Republic of Nigeria, 1999 as amended, I hereby submit the National Social Investment Program Bill for the kind consideration of the Senate.
  • “The Bill seeks to provide a legal framework for the establishment of the National Social Investment Program for the assistance and empowerment of poor and vulnerable people in Nigeria.

Buhari also sought Senate jurisdiction for the National Parks Declaration Order made earlier in the year for the establishment of 10 New National Parks across the country and the passage of the National Library Establishment Bill 2022.

The federal government launched the National Social Investment Program in 2016 to address poverty and hunger across the country. The program includes the Empowerment and Empowerment Program (EEP), which is a microcredit intervention targeting shopkeepers, artisans, young entrepreneurs, farmers and women providing them with financing ranging from N10,000 to N100,000.

Others include the Home Grown School Feeding (HGSF) Scheme to feed young school-age children and increase school enrollment in Nigeria.

To catch: naijaonpoint recently reported that the FG stated that since the Conditional Cash Transfer Scheme was launched in 2016, 2 million Nigerians have benefited.

Program Statistics:The FG said the program enrolled beneficiaries from rural areas in 36 federal states and the Federal Capital Territory (FCT) through community-based targeting, adding that the program has so far been able to reach 609 local governments, 6,272 districts and 48,789 communities and reached a total of 1,940,325

… Presidency Pushes for Legalization of Welfare Schemes as Buhari Submits Social Investment Bill Read more on… Naijaonpoint.

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