Breakdown of N41 billion spent on “Social Investment Programmes”

The Buhari administration has so are spent about N41 billion on its various aspects of its four Social Investment Programmes (SIP). According to the office of the Vice President, no less than 25 million meals have been served under the National Homegrown School Feeding Programme, (SIP), of the Buhari administration.

The government confirms that as at the end of April 2017, it had spent a total N41,714,793,293 across all the 36 States and FCT implementing different aspects of the four Social Investment Programmes.

Here is a breakdown of how it has spent the money;

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On meals

• A breakdown of the total number of meals served show that 1,051, 619 million primary school pupils are now being fed across the seven states of Anambra, Ebonyi, Enugu, Ogun, Osun, Oyo, and Zamfara state.
• No less than 11,847 cooks have also been employed. Altogether 8,587 schools are involved in those States.
• More meals will be served later this week in Delta and Abia States under the federal government school feeding scheme.
• Specifically, Delta State is expected to “receive soon”, a sum of N63, 366, 100 to start the feeding of 90, 523 primary school pupils.
• In the same vein, Abia State is also expected to receive  N42, 921, 200.
• Kaduna State has now been repaid N3.4B for its past expenses implementing the food programme ahead of FG’s roll-out.

Breakdown of spending

• N-Power, which is the job programme for unemployed graduates has received N26.418 billion.
• It is the single largest spending item out of the four social investment programmes under the 2016 Appropriation.
• Home Grown School Feeding (HGSFP) –      N7.092 billion
• Conditional Cash Transfer (CCT)           –        N800 million
• Government Enterprises Entrepreneurship Programme (GEEP)  –    N7.301 billion

Other notable developments

• The government claims that under the N-Power job scheme for unemployed graduates 162,024 unemployed graduates have been effectively enrolled and validated
• Thus they have been cleared to receive the N30,000 monthly stipends, out of the 200,000 originally engaged late last year.
• A vast majority of the validated beneficiaries have been receiving stipends as at 31st March, 2017.
• A date for the engagement of more N-power beneficiaries and the reopening of the portal to receive more applications would be announced soon.
• Under the Conditional Cash Transfer (CCT) scheme, 26,942 beneficiaries are now being funded as at last month with the monthly N5,000 stipend in 9 States and 84 Local Government Areas. The States are Borno, Cross River, Niger, Kwara, Ekiti, Kogi, Oyo, Osun and Bauchi.
• Also the Government Enterprise Empowerment Programme (GEEP) designed for the empowerment of market women, traders, artisans and co. has also recorded progress with the disbursement of 57,234 interest free loans, except a one-time low administrative fee.
• GEEP which is designed for well over one million Nigerians has now registered 3,162,451 people who have shown interest and are members of 26, 924 registered cooperatives for purposes of the loans.
• So far, women participation has been remarkable with 56% of loans so far disbursed to women beneficiaries in 28 States and FCT.
• Directives have also been given to scale up the loan disbursement to 150,000 by end of next month.