The Buhari Led APC Government is planning to spend a massive N500 billion on social welfare programs in 2016 according to Reuters. The Budget and Planning Minister announced yesterday that the Government was proposing a N6 trillion budget for 2016 which will include about 30% earmarked for Capital Expenditure.
According to the article, the Government plans to provide a welfare support programme for the poorest people in Nigeria and will collaborate with state governments to “institute well-structured social welfare intervention programmes.”
N500 billion is said to have been provisioned in the 2016 budget as social investments and will seek the support of donor agencies to drive it
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