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Home Business News Business

President Buhari has approved the expansion of the NSIP – Minister

William Ukpe by William Ukpe
January 19, 2021
in Business
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The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, disclosed that President Muhammadu Buhari has approved the expansion of the National Social Investment Programme (NSIP).

According to the disclosure by the Minister during the opening ceremony of the 4th annual review of the National Home-Grown School Feeding Programme, in Abuja, the FG hopes that the plan would lift 100 million Nigerians out of poverty in 10 years.

She revealed that the expanded NSIP would include an additional number of 5 million pupils in non-conventional educational settings in the National Home-Grown School Feeding Programme (NHGSFP), the Npower program is to create jobs for a total of 1 million beneficiaries; GEEP programme to provide loans to an additional 1 million traders, farmers and market people; and the Social Register is to accommodate an additional 1 million households.

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Some other programmes in the scheme include: TRADERMONI, MARKETMONI, FARMERMONI, MSME Survival Fund, and N75 billion National Youth Investment Fund (NYIF).

What the Minister is saying

  • “It is therefore safe to say that we have been working tirelessly to ensure that vulnerable Nigerians are brought into the Federal Governments Social Protection umbrella which seeks to support, empower and level the playing field, so that they are better equipped to handle economic and social shocks while contributing their quota to society and to the betterment of our great nation.
  • “The National Home-Grown School Feeding Program is an important intervention because of the multiple wins it is capable of delivering. It is a vehicle for reducing hunger, promoting educational gains, health status improvement and economic stimulation.
  • “The long term benefits to our children and the future of the Nation cannot be overemphasised. Thus, we must resolve to remain steadfast in ensuring that this program reaches its objectives and improves the lives of its beneficiaries.”

What you should know 

  • Nairametrics reported that the Minister of State, Industry, Trade and Investment, Ambassador Mariam Katagum, disclosed that over 300,000 beneficiaries under the Payroll Support scheme and 166,000 artisans had been impacted by the FG’s Survival Fund programme.
  • In October 2020, the President of Nigeria disclosed that the National Social Investment Programmes (NSIP) will be funded with N420billion in 2021, while the National Social Housing Programme (NISH) would be funded with N20billion from the 2021 budget.

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Tags: National Social Investment ProgrammeNSIP

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