Buhari Expands Social Investment Programmes Amidst Cash Crunch

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SWITZERLAND, DECEMBER 11 – Despite government’s admission that it is in financial distress, President Muhammadu Buhari has approved the expansion of scope for the Social Investment Programmes (SIP) as part of his administration’s commitment to lifting ‘100m Nigerians out of poverty.’

The Social Investment Programmes are a set of welfare initiatives targeted at providing palliatives to the most vulnerable Nigerians including the poor, small businesses, school children and the unemployed. They include Government Entrepreneurship Empowerment Program (GEEP/TraderMoni), National Home-Grown School Feeding Programme (NHGSFP), Conditional Cash Transfer (CCT), and N-Power.

Today’s Echo gathers that the expansion drive includes the doubling of N-Power beneficiaries to 1 million; addition of 1 million new GEEP beneficiaries and 5 million new pupils for NHGSFP.

“We remain committed to the plan to lift 100m Nigerians out of poverty. To this end I have approved an increase in scope of our Social Investment Programme: Doubling of @npower_ng beneficiaries to 1 million; 1 million new @geep_ng beneficiaries & 5 million new pupils for @NHGSFP,” the president tweeted on Thursday.

Nigerians have kicked against the move on social media wondering where the funds for such expansion will come from if the government is broke and the economy is undergoing its second recession under the same president.

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