• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Breaking News

President Tinubu suspends N-Power, Conditional cash transfer and two other social investment programs 

Aghogho Udi by Aghogho Udi
January 12, 2024
in Breaking News, Business, Business News
Tinubu, Nigeria, World Bank
Share on FacebookShare on TwitterShare on Linkedin

President Bola Tinubu has suspended the National Social Investment Programme under the National Social Investment Programme Agency (NSIPA) for a period of six weeks to allow for ongoing investigations into the allegation of malfeasance in the agency.  

This was disclosed by the office of the Secretary to the Government of the federation in a statement signed by the Director of Information, Segun Imohiosen.  

According to the statement, all four programs being administered by the National Social Investment Programme Agency (NSIPA) namely; N-Power, Conditional Cash Transfer, Home Grown School feeding program and Government Enterprise and Empowerment Program (GEEP) have been suspended for six weeks.  

MoreStories

Adebayo Adelabu

Adelabu resigns as Power Minister to pursue Oyo governorship race 

April 22, 2026
Wales Edun promises again: We expect $7 billion investment in oil and gas sector

Wale Edun, Musa Dangiwa were not sacked; they resigned – FG

April 22, 2026

The statement reads,

  • “President Bola Ahmed Tinubu, GCFR, has suspended all administered programmes by the National Social Investment Programme Agency (NSIPA).”  
  • “This is further to the ongoing investigation of alleged malfeasance in the management of the agency and its programmes.”  
  • “All four (4) Programmes administered by NSIPA, viz; N- Power Programme, Conditional Cash Transfer Programme, Government Enterprise and Empowerment Programme and Home Grown School Feeding Programme have been suspended for a period of six (6) weeks in the first instance.”  

Activities of NSIPA are now frozen 

Furthermore, the statement also conveyed the President’s concern over the operations of the programs and issues relating to payment of beneficiaries of the schemes.  

The President constituted ministerial panel to investigate the agency’s activities with a view to introducing reforms.  

The statement also noted that registrations, payment of beneficiaries and other activities of the programs are stopped for now.  

It states,

  • “During the period of this suspension, all NSIPA-related activities, including but not limited to all distributions, events, payments, collaborations and registrations are now frozen.” 

Backstory  

  • Earlier in the month, President Tinubu suspended the National Coordinator of the National Social Investment Programme Agency (NSIPA) over allegations relating to illegal diversion of fund to the tune of billions.  
  • Also, the Ministry of Humanitarian Affairs have come under intense scrutiny in the past few weeks as allegations of wrongful payment of funds meant for its programs to the personal account of individuals come to light.  
  • President Tinubu on Monday suspended the Minister of Humanitarian Affairs, Dr. Betta Edu over allegations of approving payment of N585 million into personal account of individuals.  

Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: NSIPAPresident Tinubu
Aghogho Udi

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

Next Post
President Tinubu must keep his campaign promise on Nigerian Crypto Industry

President Tinubu appoints 11 new CEOs in Arts, Culture, and Creative Economy Sector 

Comments 1

  1. sikari gabriel shallmombol says:
    January 26, 2024 at 1:34 pm

    president has given directive to paid us stipend but edu she only paid one month this woman she wil she wil see heaven haba what can of wickness is it.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Luis Figo

rabafast

nairametrics




DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics