In view of current challenges, the existing Social Investment Programmes will be expanded to offer greater and wider protection to the most vulnerable persons and communities:
Cash Transfers will be expanded to cover an additional 1 million households.
The National Home Grown School Feeding Programme will be expanded to all States of the Federation. Participating persons will be paid through their account numbers, telephone lines or in cash.
N-Power: The N-Power Programme will continue to provide job opportunities to Nigerian youths aged 18 – 35 on a year to year basis following which the beneficiaries will be exited into employment or entrepreneurship opportunities. A monthly stipend of N30, 000 will be paid to each beneficiary during the period.
Government Enterprise and Empowerment Programme (GEEP): To stimulate economic activity, the programme will continue providing loans to vulnerable micro, small and medium enterprises, starting from N10, 000. As part of the Covid-19 response, the moratorium will be extended for at least 3 months.
The programmes will deepen financial inclusion by bringing a proportion of the 36.8% of the adult population said to be financially excluded into the financial system. To achieve this, mobile money and agent networks will be leveraged.
Here are our Statistics... Numbers tell a story