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Presidency Begins Payment of N5,000 Monthly Stipend to Poor Nigerians in 9 States

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  • Presidency Begins Payment of N5,000 Monthly Stipend to Poor Nigerians in 9 States

More than one year after it came on board, the president Mohammadu Buhari led administration has commenced payment of N5,000 monthly stipends it promised to poor Nigerians.

The development was substantially embedded in the campaign promises of the ruling All Progressives Congress, APC during the 2015 presidential election.

The Programme is also a part of the Conditional Cash Transfer (CCT) of its Social Investment Programmes, SIP for which N500 billion was appropriated in the 2016 national budget.

Aside the N-Power jobs where graduates and other participants in the Programme are paid N3,000 per month, the CCT also targets one million Nigerians who would receive N5000 monthly payments as a form of social safety net.

Nine states are mapped out for coverage in this first batch and already, many of the beneficiaries were reported to have started receiving their first payments by Friday last week.

The states were Borno, Kwara, Bauchi, Cross Rivers, Niger, Kogi, Oyo, Ogun and Ekiti.

Of the states, Borno, Kwara and Bauchi have started receiving the money while the rest of the states in the first batch would commence the CCT payments soon.

A statement from the office of the Vice President where the project is domiciled stated that “Funds for the commencement of the payments in four states were released last week to the Nigeria Inter-Bank Settlement System (NIBSS) – the platform that hosts and validates payments for all government’s social intervention programmes. Funds for another set of five states to complete the first batch of nine states would follow soon.”

It also stated that “the sequence for the payment of the money would be operationally managed by NIBSS”.

According to the release, “The nine pilot states were chosen because they have an existing Social Register that successfully identified the most vulnerable and poorest Nigerians through a tried and tested community based targeting (CBT) method working with the World Bank. However other states have already begun developing their Social Registers and would be included in subsequent phases of the CCT implementation.”

It added that more beneficiaries of the CCT would be captured by the social registers already existing in 8 states, saying that the process was both transparent and credible.

“Beneficiaries of the Conditional Cash Transfer of the Federal Government would be mined from the Social Register, initially developed by 8 States through a direct engagement with the World Bank. Those states are featured in the first batch, with the added inclusion of Borno States where a validated list of IDPS were compiled in addition to the Social Register which is expected to go round the country.

“Working with the World Bank, the CBT process has now been adopted for developing the Social Register in the other States around the country, for transparency, objectivity and credibility in the selection of the poorest and most vulnerable beneficiaries for the programme.

“The Federal Government will actually commence community mobilization for the creation of the Register in more States soon, to expand the scope and reach of the CCT across the country”, the statement said.

Meanwhile, States such as Plateau, Jigawa, Adamawa, Anambra, Benue, Enugu, Katsina and Taraba have so far “complied with the stipulated framework provided, and are set for the community based targeting method for the development of their Social Register within their jurisdictions.”

The States were to be followed by Delta, Gombe, Kaduna, Kano, Imo and Ogun States.

According to the statement “Once the community mobilization, identification and selection processes are completed, the information garnered from the poorest households would be entered onto the Social Register in the states and the National Register at NIBSS, after which the cash transfers would be disbursed to the beneficiaries.”

It also stated that “All the funds approved for the Federal Government’s Social Investment Programmes, SIP, are domiciled with the Ministry of Budget and National Planning. In addition, the payment information and processes for all beneficiaries of the Federal Government’s SIP are hosted at NIBSS, as the Consolidated Beneficiary Register, to ensure and fortify efforts at authentication and verification, as well as for effective and efficient programme management.”

The statement which was signed by Mr. Laolu Akande, the spokesman of Vice President Yemi Osinbajo recalled that the administration had also kicked off the N-Power programme where graduates numbering 200,000 were engaged and paid N30, 000 per month, National Homegrown School Feeding Programme and the Government Enterprise and Empowerment Programme, (GEEP).

Payment had already begun in States like Abia, Adamawa, Bauchi, Delta, Imo, Kwara, Kano, Katsina, Lagos, Osun, Oyo, Ogun, Kogi States and the Federal Capital Territory, FCT.

According to Akande, the payment stopped temporary during the Yuletide but would be resumed immediately soon.

With the commencement of the CCT, the Buhari administration is now implementing four of the Federal Government’s SIP.

He said with the packages, the government was committed to touching more lives and getting many homes out of poverty.

“Besides the CCT, the N-Power Volunteer Corps designed to hire half a million unemployed graduates which has now engaged 200,000, and the National Homegrown School Feeding Programme now running in three states, the Buhari administration has also kicked-off the Government Enterprise and Empowerment Programme, (GEEP).

“Under GEEP, soft loans ranging from N10,000 to 100,000 have been designed for artisans, traders, market women among others.

“Already, thousands of cooperatives, market women associations, farmers and enterprising youths, have been identified and registered for the purpose, on an ongoing basis, and the disbursement of the soft loans through the Bank of Industry have started since Nov 25, 2016.

“At the last count, for the first phase, beneficiaries have been drawn from the Federal Capital Territory, FCT, Abia, Adamawa, Bauchi, Delta, Imo, Kwara, Kano, Katsina, Lagos, Osun, Oyo, Ogun and Kogi States.

“However, disbursements were halted and deferred until after the festive season. Vetting and approval of beneficiaries are now being continued through the month, with the expectation and plan that by month-end disbursements would have been made to 33,000 beneficiaries.

“Regarding the 200,000 beneficiaries of the N-Power programme, close to 50% of the graduates, have now been physically verified, and started receiving their monthly stipends of N30,000 last week. A second batch of 300,000 unemployed graduates are expected to be selected early this year to make up the half a million target set by the Buhari administration.

“The verified graduates are now being deployed to work as assistant teachers in schools, as community health aides and as agricultural extension workers, in more than 20 States of the Federation. These States include; Abia, Adamawa, Bauchi, Anambra, Benue, Cross Rivers, Borno, Gombe, Edo, Jigawa, Katsina, Plateau, Kogi, Osun, Rivers, Zamfara, Niger, Sokoto, Ogun and Taraba.

“Government has also started the implementation of the National Home-grown School Feeding programme designed to feed 5.5 million school children for 200 school days in the first phase of the programme.

“Although the initial design was to feed pupils in 18 States, funding challenges had affected an earlier take-off. But the programme has now commenced in Osun, Kaduna and Anambra States. More states are expected to join this new year.

“In the new year, it is the plan of the Federal Government to scale up the implementation of the SIP to touch the lives of millions of Nigerians in fulfillment of it’s promises and in furtherance of its Change agenda”, Akande explained.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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FG Declares June 12 Public Holiday for Democracy Day Celebration

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The Federal Government has declared Wednesday, June 12, a public holiday in commemoration of this year’s Democracy Day celebration.

The announcement was made in a statement signed by Aishetu Ndayako, the permanent secretary of the Ministry of Interior, on behalf of Olubunmi Tunji-Ojo, the Minister of Interior.

The statement urged Nigerians to reflect on the struggles and sacrifices of the nation’s founding fathers and to ensure that Nigeria remains a united, secure, peaceful, and indivisible entity.

“As we mark another Democracy Day in the history of our dear country, let us all reflect on the efforts of our founding fathers and ensure that Nigeria remains a united, secured, peaceful, and indivisible entity,” the statement read.

A Historic Shift

The designation of June 12 as Democracy Day dates back to June 7, 2018, when former President Muhammadu Buhari announced that the day would henceforth be celebrated as Democracy Day.

Prior to this declaration, Democracy Day was observed on May 29, the date marking the inauguration of the Fourth Republic in 1999.

President Buhari’s decision was rooted in the historical significance of June 12, 1993, the day of what is widely regarded as Nigeria’s freest and fairest presidential election.

Despite the election’s annulment by the then-military government, Buhari emphasized that the democratic credentials of the process should be honored.

Honoring a Legacy

To further commemorate the significance of June 12, Buhari posthumously awarded Chief Moshood Abiola, the presumed winner of the annulled 1993 election, with the nation’s highest honor, Grand Commander of the Federal Republic (GCFR).

The statement from the Ministry of Interior also highlighted President Bola Tinubu’s commitment to implementing positive reforms aimed at reviving Nigeria’s economy and enhancing national security.

A Call for Unity

The Minister of Interior, Olubunmi Tunji-Ojo, called on all citizens and friends of Nigeria to appreciate the progress that has been made in the country’s democratic journey and to look forward to a brighter future.

“As we celebrate Democracy Day, we must appreciate the progress that has been made and remain hopeful for a better future for Nigeria’s democracy,” the minister said.

This year’s Democracy Day comes at a crucial time as Nigeria continues to navigate economic challenges and security concerns. The public holiday on June 12 provides an opportunity for Nigerians to reflect on the importance of democracy and the ongoing efforts to strengthen the nation’s democratic institutions.

As the nation prepares to observe the public holiday, there is a sense of anticipation and hope that the values of democracy will continue to guide Nigeria towards a prosperous and harmonious future.

The government’s declaration serves as a reminder of the enduring legacy of June 12 and the importance of upholding democratic principles.

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Guilty on All 34 Counts: Trump Convicted in Hush Money Case

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In a historic and unprecedented legal decision, former President Donald Trump was found guilty on all 34 counts in his “hush money” trial, making him the first former U.S. president to be convicted of a crime.

The verdict was delivered by a jury of 12 New Yorkers on Wednesday, concluding a six-week trial in Manhattan.

The charges against Trump centered around falsifying business records to cover up a $130,000 payment to adult film star Stormy Daniels before the 2016 presidential election.

The jury found Trump guilty on all counts, concluding that he authorized a scheme to falsify checks and related documents to keep the alleged affair from becoming public knowledge.

Prosecutors from the Manhattan District Attorney’s Office presented evidence showing that the conspiracy to cover up the payment began during Trump’s 2016 campaign and continued into his first year in the White House.

They argued that Trump, along with his associates, created false records to mislead voters and conceal the payment.

Trump, who has consistently denied having any sexual encounter with Daniels, responded angrily to the verdict. Speaking to reporters outside the courtroom, he called the trial “a disgrace” and accused the judge of bias.

“This was a rigged trial by a conflicted judge who was corrupt,” Trump stated.

He vowed to continue fighting the verdict, saying, “The real verdict is going to be Nov. 5 by the people, and they know what happened here and everybody knows what happened here. We’ll fight to the end.”

The conviction comes at a critical time for Trump, the presumptive Republican nominee for president in the 2024 election. Despite the conviction, there is no constitutional barrier preventing him from running for office again.

Legal experts note that the Constitution’s requirements for presidential candidates—being at least 35 years old, a natural-born citizen, and a U.S. resident for 14 years—do not include any disqualification for being a convicted felon.

Judge Juan Merchan has scheduled Trump’s sentencing for July 11. The defense has until June 13 to submit any motions, with the prosecution required to respond by June 27.

Trump’s legal team indicated they would prefer a sentencing date in mid to late July.

Trump’s conviction adds to the already intense political climate as the nation prepares for the 2024 elections. The trial has drawn significant media attention and public scrutiny, reflecting deep divisions within American society.

The trial highlighted broader issues regarding campaign finance and the use of hush money in politics. It also raises questions about the integrity of presidential candidates and the lengths to which they might go to protect their public image.

As the legal and political ramifications of this verdict unfold, Trump’s conviction on all 34 counts marks a significant chapter in U.S. history.

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President Tinubu to Inaugurate Newly Paved Roads to Apapa, Tin Can Ports

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President Bola Tinubu is set to inaugurate the newly constructed paved roads leading to the Apapa and Tin Can Island ports in Lagos on Saturday.

This development is anticipated to bring significant relief to port users and operators who have endured years of hardship due to the previously dilapidated roads and severe traffic congestion in the area.

The commissioning of these roads marks a major milestone in the government’s efforts to improve infrastructure and boost economic activities around the nation’s busiest ports.

The newly paved roads are expected to enhance the flow of goods and services, reduce operational costs for businesses, and alleviate the chronic traffic bottlenecks that have plagued the Apapa and Tin Can Island areas.

President Tinubu, who is scheduled to arrive in Lagos on Saturday morning, will perform the inauguration as his first assignment of the day.

The ceremony signifies a commitment to addressing the infrastructural challenges that have long hindered the efficiency of Nigeria’s maritime sector.

Mohammed Koko, the Managing Director of the Nigerian Ports Authority (NPA), highlighted the importance of this project earlier this year.

He emphasized the NPA’s “zero tolerance for all forms of impediments to the free flow of traffic” and reiterated the agency’s dedication to improving port operations.

“Our zero tolerance for all forms of impediments to free flow of traffic is no fluke,” Koko said, noting that the rehabilitation efforts are aimed at consolidating gains achieved first in Apapa and now extending to Tin Can.

In January 2024, President Tinubu directed the Federal Ministry of Works to urgently and comprehensively repair the access roads to the Lagos Port Complex and Tin-Can Island Port Complex.

The Minister of Marine and Blue Economy, Adegboyega Oyetola, echoed the urgency of this directive, pointing out that the poor condition of the port access roads had significantly increased internal logistics costs for importers and exporters.

“The dilapidated port access roads increase the cost of internal logistics for importers and exporters,” Oyetola noted.

The improved road infrastructure is expected to curb the exodus of businesses from the Apapa and Tin Can Island areas, which had been driven away by the severe logistical challenges.

The restoration of these critical routes is also anticipated to enhance Nigeria’s competitiveness in international trade by facilitating smoother and more efficient port operations.

Following the inauguration of the port access roads, President Tinubu is also scheduled to flag off the Lagos to Calabar coastal road project at Victoria Island in Lagos.

Also, he will virtually inaugurate the newly rehabilitated 3rd Mainland Bridge, further underscoring his administration’s commitment to revitalizing Nigeria’s infrastructure.

The series of inaugurations and project launches underscore a broader strategy to enhance connectivity, reduce operational bottlenecks, and stimulate economic growth through improved infrastructure.

The completion of the Apapa and Tin Can Island port roads is a pivotal step in this direction, promising a new era of efficiency and productivity for Nigeria’s maritime sector.

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