Buhari’s social investment programme finally takes off

President Muhhamadu Buhari

*N5,000 monthly stipend to the very poor and soft loans to traders, artisans

The implementation of the federal government enterprises and empowerment programme under which soft loans is given to entrepreneurs, has taken off in Ogun state, the Federal Capital Territory, and 12 other states.

Apart from Ogun state, other states benefitting from the first phase of the programme are Abia, Bauchi, Delta, Imo, Kwara, Kano, Katsina, Osun, Lagos, Oyo and Adamawa

Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, who made this known, said the disbursement of the loans began last November 25  through the Bank of Industry.

Soft loans ranging from N10,000 to N100,000 are being given to artisans, traders, market women under the programme, which is part of the Buhari social investment programme.

Also, the Presidency has begun the implementation of the payment of N5,000 monthly stipend to the poor and vulnerable Nigerians under the conditional cash transfer of the  programme.

Akande, who made this known, explained that states in the first phase of the programme are those who had opened a social register for likely beneficiaries.

Akande said the stipend payment began last week in Borno, Kwara and Bauchi states, to be followed by Ogun, Cross River, Niger, Kogi, Ekiti and Oyo states.

The next batch of states to benefit from the scheme, according to Akande are Jigawa, Adamawa, Anambra, Benue, Enugu,Katsina and Taraba, and later Delta, Gombe, Kaduna and Imo states.

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