{"id":46302,"date":"2016-02-07T22:04:26","date_gmt":"2016-02-07T21:04:26","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=46302"},"modified":"2016-02-07T22:04:26","modified_gmt":"2016-02-07T21:04:26","slug":"2016-budget-why-buhari-plans-to-spend-n1trillion-on-common-man","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/2016-budget-why-buhari-plans-to-spend-n1trillion-on-common-man\/","title":{"rendered":"2016 Budget: Why Buhari Plans To Spend N1trillion On Common Man"},"content":{"rendered":"<p>The need to pay attention on the common man and spend the resources of<br \/>\nthis country on the poor people explains why the Buhari presidency has<br \/>\nproposed a N500B estimate in the 2016 budget, even as more details on the<br \/>\n6 social protection plans were released.<\/p>\n<p>In a News Release issued <span class=\"aBn\" tabindex=\"0\" data-term=\"goog_1557996416\"><span class=\"aQJ\">Sunday<\/span><\/span> the Senior Special Assistant-Media &amp;<br \/>\nPublicity in the Office of the Vice President, Mr. Laolu Akande disclosed<br \/>\nthat at no time in the nation&#8217;s budgetary history has the federal<br \/>\ngovernment made a specific vote of such volume for social welfare.<\/p>\n<p>&#8220;Even economic historians now say that not only is the half a trillion<br \/>\nNaira vote unprecedented, but it is also the greatest service ever done to<br \/>\nthe Nigerian state and people by any federal government administration,&#8221;<br \/>\nAkande said.<\/p>\n<p>Continuing he noted that the six social safety plans would reduce high<br \/>\nlevels of poverty and vulnerabilities, while also increasing Nigeria&#8217;s<br \/>\nHuman Development Index on the global UN rankings.<\/p>\n<p>&#8220;The President&#8217;s vision is to increase investments in human capital to<br \/>\nguarantee security for all, employment and improved well-being of the<br \/>\npeople,&#8221; the Vice President&#8217;s media aide added.<\/p>\n<p>He disclosed that the presidency is aware that past attempts to address<br \/>\npoverty have suffered because of insufficient political will, presence of<br \/>\nvarious uncoordinated initiatives and poorly targeted beneficiaries among<br \/>\nother factors, and is working to avoid the pitfalls.<\/p>\n<p>The Senior Special Assistant said for the Conditional Cash Transfer, CCT,<br \/>\nwhere one million extremely poor Nigeria will receive N5000 monthly in<br \/>\n2016, the money would be paid directly to the beneficiaries through a<br \/>\npayment system that is being worked out.<\/p>\n<p>He said World Bank and the Bill Gates Foundation are collaborating with<br \/>\nthe presidency to develop an efficient payment system. All together about<br \/>\nN60B has been estimated to be paid out to extremely poor Nigerians. And<br \/>\nthe implementation of the programme starts once the budget is passed.<\/p>\n<p>In fact, Akande disclosed, that there would also be direct payment in the<br \/>\nHomegrown School Feeding Programme.<\/p>\n<p>&#8220;In the case of the CCT, those one million poor Nigerians would be paid<br \/>\ndirectly, while in the case of the Homegrown School Feeding, the suppliers<br \/>\nof the meals to the primary school pupils would also be paid directly by<br \/>\nthe federal government. There would be no middle agents involved official<br \/>\nor private,&#8221; according to Akande.<\/p>\n<p>The media aide observed that the recipients of the CCT would meet the<br \/>\nconditions of their children participating in immunization and school<br \/>\nenrollment but also boost the economy as the money would boost consumer<br \/>\nspending in the economy.<\/p>\n<p>He stated that regarding the Homegrown School Feeding programme, the<br \/>\nfederal government will start a pilot scheme in selected states once the<br \/>\nbudget is passed. An estimate of over N96B being proposed to be spent on<br \/>\nthe Homegrown School Feeding this year.<\/p>\n<p>The one-meal-a-day programme is also being supported by the Imperial<br \/>\nCollege in the UK through one of its agencies Partnership for Child<br \/>\nDevelopment, PCD.<\/p>\n<p>According to Akande, the Homegrown School Feeding will not only feed the<br \/>\nchildren and help their learning significantly, but it would also boost<br \/>\nthe local economy of the states and the local communities.<\/p>\n<p>The Buhari presidency has four other social investment plans, including<br \/>\nthe 500,000 direct jobs, where unemployed graduates would be trained and<br \/>\nhired to become volunteer teachers in their communities while looking for<br \/>\njobs in their chosen profession.<\/p>\n<p>There is also a Youth Employment plan that would take 370,000<br \/>\nnon-graduates youths through skills acquisition and vocational training<br \/>\nprogrammes. Like the teaching jobs, the selection of beneficiaries for<br \/>\nthis scheme would be done on states and FCT basis, opened to all Nigerians<br \/>\nof different shades.<\/p>\n<p>For small scale traders, artisans and market women, there is the Micro<br \/>\nCredit scheme where one million Nigerians would get a one-time soft loan<br \/>\nof N60,000 each through the Bank of Industry.<\/p>\n<p>And finally there is the Free Education plan for students of Science,<br \/>\nTechnology, Engineering &amp; Mathematics, STEM where government will pay<br \/>\ntuition for 100,000 students.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The need to pay attention on the common man and spend the resources of this country on the poor people explains why the Buhari presidency has proposed a N500B estimate&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":46303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-46302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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