Finally, President Buhari-led Government Set To Pay N5,000 Monthly To The Unemployed (Read More)

Sources close to President Muhammadu Buhari have revealed that the President and his team have unveiled a social investment package designed to impact on the lives of over eight million Nigerians.


This was contained in a statement by Laolu Akande, senior special assistant to the Vice President, during an interactive session with reporters in Abuja. He clarified that some parts of this package would become operational in the coming weeks.

Read the full statement below to digest what the President has in stock for Nigerians to cushion the effects of the hardships experienced.

According to Mr. Laolu Akande, “The Buhari presidency is keen to ensure that Nigerians are lifted and that if necessary on an ongoing basis, palliatives measures would always been considered to address the conditions of the people.

Long before now, the presidency has made adequate arrangements in the 2016 budget to ensure that Nigerians are lifted from poverty and hardship.

All together the federal government would be directly impacting the lives of more than 8 million Nigerians in different social investment 2016 budget spending that would provide succor and be a ready-made palliative to ordinary Nigerians.

The direct payment of N5000 monthly to one million extremely poor Nigerians for 12 months as provided for in the 2016 budget for which N$68.7B has been appropriated.

The government has also made available a direct provision of very soft loan -cash for market women, men and traders, including artisans and agric workers. This would be for a total of 1.76m Nigerians, without the requirement for conventional collateral.

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