Social Investment Programme

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INVESTING IN PEOPLE  All 4 components of the Social Investment Programme (SIP) have now taken off.  

  • The SIP is the largest and most ambitious social safety net programme in the history of Nigeria, with 140 billion released and more than 12 million direct beneficiaries so far —

  • 500,000 N-Power beneficiaries currently participating and receiving N30,000 in monthly stipends. N-Power is linked to the Federal Government’s policies in the economic, employment and social development arenas. N-Power addresses the challenge of youth unemployment by providing a structure for large scale and relevant work skills acquisition and development while linking its core and outcomes to fixing inadequate public services and stimulating the larger economy. The modular programmes under N-Power will ensure that each participant will learn and practice most of what is necessary to find or create work. The N-Power Volunteer Corp involves a massive deployment of 500,000 trained graduates who will assist to improve the inadequacies in our public services in education, health and civic education. Some of these graduates will also help in actualising Nigeria’s economic and strategic aspirations of achieving food security and self-sufficiency.
  • N-Power will also be a platform for diversifying the economy. N-Power is preparing young Nigerians for a knowledge economy where, equipped with world-class skills and certification, they become innovators and movers in the domestic and global markets. Nigeria will have a pool of software developers, hardware service professionals, animators, graphic artists, building services professionals, artisans and others. N-Power also focuses on providing our non-graduates with relevant technical and business skills that enhance their work outlook and livelihood.

 

Government Enterprise and Empowerment Programme (GEEP): N15.183 billion in interest-free loans ranging from N50,000 to N350,000 disbursed to more than 300,000 market women, traders, artisans, farmers across all 36 States of the country and the FCT, under GEEP. (56 percent of the loans have gone to women).

  • In terms of advancing the financial inclusion goals of the Buhari Administration, GEEP has led to the opening of 349,000 new bank accounts/wallets for beneficiaries and intending beneficiaries.
  • In November 2017, GEEP was chosen as the pilot programme for the Bill & Melinda Gates Foundation Policy Innovation Unit in Nigeria.
  • 2 million Nigerians to get collateral free loans (N10,000) in Buhari’s Adminitration’s new micro credit for petty traders. The Buhari administration has launched a new initiative under the Government Enterprise and Empowerment Programme (GEEP), called the TraderMoni, which will empower two million petty traders between now and the end of the year (2018). Each state and FCT to get 30,000 beneficiaries,

 

  • Home Grown School Feeding Programme (HGSFP): Currently a total of 8.2 million pupils in 45,394 public primary schools across 24 states: Abia, Anambra, Enugu, Ebonyi and Imo (South East); Akwa Ibom, Cross River and Delta (South South); Osun, Oyo, Ondo and Ogun (South West); Benue, Niger and Plateau (North Central); Kaduna, Katsina, Kano, and Zamfara (North West); Bauchi, Taraba, Borno, Gombe and Jigawa (North East). Over 80,000 direct jobs have since been created from the School Feeding Programme; with 87,261 cooks currently engaged in the 24 participating states. All 36 states of the Federation and the FCT will eventually benefit from the Programme. The Health aspect of the programme has seen over 3 million pupils dewormed in 6 states, the deworming programme is a bi-annual programme aimed at eradicating and reducing the burden of worms. 
  • Conditional Cash Transfer (CCT): 297,973 families benefiting from the CCT Scheme, which pays N5,000 monthly to the poorest and most vulnerable households in the country.