Tag Archives: N5000

Presidency To Pay N5000 Monthly To 1m Nigerians

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To cushion the harsh effect of the new pump price of Premium Motor Spirt, PMS also called petrol on the people, the presidency is set to implement the N500 billion earmarked in the 2016 budget for social welfare.

A statement by the media spokesperson for Vice President Yemi Osinabjo, Mr. Laolu Akande in Abuja on Sunday stated “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.”

Giving a breakdown of the interventions and palliatives, Akande said that said that there would “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.”

Similarly, 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. Some of the traders will likely get about N60,000. A total sum of N140.3B has already been appropriated for this in the budget”.

The details also showed their there would be “payment of between N23,000 to N30,000 per month to 500,000 unemployed graduates who would be trained, paid and deployed to work as volunteer teachers, public health officers and extension service workers among other responsibilities. They would also be given electronic devices to empower them technologically both for their assignments and beyond”.

According to the media aide, “100,000 artisans would also be trained and paid N191.5B has been set aside for this in the passed budget.” He also said that “At least 5.5 million Nigerian primary school children -ie starting first in 18 states-three per geopolitical zones-would be fed for 200 school days under the free Homegrown School Feeding Programme”, as “N93.1B has been appropriated for this in the 2016 budget.”

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Minister Of Youth & Sports Confirms Payment Of N5,000 To Unemployed Nigerians Begins 2016

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The federal government has assured that it would commence payment of N5,000 promised unemployed Nigerian youth during the electioneering campaign, from 2016 .

The minister of youth and sports, Solomon Dalong, made the commitment on Wednesday when he paid a condolence visit on the national chairman of the governing All Progressives Congress, APC, John Odigie-Oyegun, over the death of the party’s governorship candidate in the recently held inconclusive election in Kogi state, Abubakar Audu.

Mr. Dalong, who spoke to journalists during the visit , said the APC government was fully committed to fulfilling all campaign promises made before the last elections.

He said the payment of the promised N5 , 000 can only begin after it had been included in the budget.

“I would want the youth to understand that every promise must be backed up by budgetary provision and our promise to pay N5000 is not contained in the 2015 budget. So, definitely, it is going to begin in 2016 as we have made budgetary allocations for that,” he said.

“We are committed to the campaign promises of creating jobs, providing wealth and combat poverty. We have embedded in our manifesto things that we are translating to reality .”

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N5,000 Unemployment Benefit Starts In 2016

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The Federal Government has started the process of fulfilling its promise to pay N5,000 monthly allowance to 25 million unemployed youths in the country with 2016 as the take-off date, investigation has revealed.

A motion to compel the President Muhammadu Buhari-led Federal Government to fulfil the campaign promise of paying the unemployed youths was recently rejected in the Senate.

It was learnt however that the Federal Government had, however, commenced plans to start the payment of the allowance while it had also taken steps to capture the free school feeding programme in the 2016 budget.

It was further learnt that the government had saddled some officials with the task of ascertaining the number of the unemployed youths, who would benefit from the scheme.

A top government official, who spoke on condition of anonymity on Monday, said that the compilation of data was necessary in order to ensure that the programme was not sabotaged.

The source said, “You know that if the scheme is left open-ended, even Nigerians, who are employed and are by no means vulnerable, will still struggle to benefit from it.

“You also know that if not properly handled, politicians will hijack the scheme and it will become a means of settling their constituents, whether they qualify to benefit from it or not.

This is why the government will come up with data on the beneficiaries very soon.”

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Aisha Buhari Urges FG To Pay N5,000 Allowance To Unemployed Youths

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The Wife of the President, Mrs Aisha Buhari, has appealed to the ruling party, All Progressives Congress (APC), not to renege on its campaign promise of paying N5,000 to 25 million unemployed Nigerians.
This is contained in a statement signed by the Special Assistant to the president’s wife on Media, Mrs Adebisi Ajayi, on Tuesday in Abuja.
She also urged the party to fulfill its promise of giving school children one free meal a day.
She stated this after the Senate voted against the motion calling on the Presidency to pay the N5,000 allowance.

 
“The APC is a party of integrity and has assured Nigerians during the campaign that it will pay N5,000 each month to 25 million most vulnerable citizens.
“Nigerians should be patient with the APC government as the change they had been yearning for has come to stay,’’ she said.

Unemployed, Poor Nigerians To Get N5000 Monthly- FG

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The Buhari Administration at the weekend declared that there are ongoing plans to implement one of its striking campaign promises that it will pay N5000 each to the poorest Nigerians across the country.

Vice President Yemi Osinbajo who gave the hint noted that government is “currently evaluating the best ways to collapse existing cash transfer and social welfare schemes to ensure consistency and alignment.

“Once this is completed, we will implement the first phase of this program, using recognized identification platforms and transparent payment solutions”, he added.

Osinbajo who disclosed this at the 10th Year Anniversary Lecture of Crescent University, Abeokuta, Ogun State titled, ‘The Nigerian Economy and the Future’, also said the federal government has identified the weak transmission grid, which prevents the wheeling of more than 5,000MW as a gridlock to be removed.

He assured that the Buhari administration would work with the distribution companies to ensure the necessary investment to get electricity to consumers is in place.

On the pervasive poverty ravaging the country, Osinbajo said the payment of N5000 each to poor Nigerians was necessary because “we cannot talk about the economy of the future without addressing how we move people out of poverty.

“One of the most striking promises we made during the campaign was the payment of Five Thousand Naira to the poorest Nigerians across the country”, he noted, even as he regretted that today, “about 112 million (66% of Nigerians) are deemed extremely poor, measured by World Bank parameter of those living on less than US$1.25 per day.”

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