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Almost two Million Nigerians have been receiving N5K allowance monthly – FG says

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2 years ago

March 3, 2023

The Federal Government, FG disclosed yesterday that 1,940,004 vulnerable Nigerians are currently receiving N5K cash allowance, every month.

Speaking on Thursday in Abuja at a One-Day Stakeholders’ Retreat On National Social Investment (Establishment) Bill organized by Senator Yusuf Yusuf, APC, Taraba Central led Senate Committee on Special Duties, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sadiya Umar Farouq explained that the objective of the National Social Investment Programme Establishment Bill is to provide a statutory and institutional framework for the implementation of the National Social Investment Programme (NSIP).

Represented by the Permanent Secretary of the Ministry, Dr. Nasir Sani Gwarzo, Farouq who noted that the NSIP was created in 2016 by President Muhammadu Buhari to address social and economic inequalities and alleviate poverty among Nigerians, said that there are four social support programs that are meant to empower the poorest and most vulnerable Nigerians to enable them to attain an acceptable standard of living.

She said:

“Since the inception of the NSIP in 2015, one million youths have been empowered through the N-Power Programme and additional 500,000 others are currently undergoing various trainings under the program as approved by the President.

The cash transfer has enrolled 1,975,381 poor and vulnerable households from the National Social Register into a National Beneficiary Register. The NBR alone has 9,841,700 household individuals in the 36 states of the federation.

The Cash Transfer support the poor and vulnerable to improve consumption and develop savings skills to reduce poverty line and building their resilience to withstand shocks. A total of 1,940,004 beneficiaries are currently receiving cash transfer each monthly.”