One million extremely poor Nigerians to begin collecting N5,000 monthly cash transfer from FG
The payment which is to commence once the budget is approved by the National Assembly, is besides another five social interventions that include the provision of one meal a day to school pupils in some selected states.
A total of N60 billion would be directly transferred to the one million extremely poor Nigerians, according to a statement issued by the Office of the Vice-President in accordance to President Muhammadu Buhari’s vision of building human capital.
Other elements of the social intervention scheme revealed, yesterday, include the 500,000 direct jobs, which will see unemployed graduates being trained and deployed as volunteer teachers in their communities while still prospecting for jobs in their chosen professions.
The details as released by Mr. Adeolu Akande, Senior Special Assistant, Media in the office of the Vice-President, also disclosed a youth employment plan which will see the training of 370,000 non-graduates youths in different skills and vocational programmes.
“The recruitment of beneficiaries into the volunteer teaching jobs and the skill acquisition training scheme for non-graduates would be done on state basis, including the FCT and opened to all Nigerians of different shades,”
Another initiative also revealed is the micro credit scheme where one million Nigerians, mostly small scale traders, artisans and market women, would get a one-time soft loan of N60,000 each through the Bank of Industry.
And finally there is the free education plan for students of Science, Technology, Engineering and Mathematics, STEM, where government will pay tuition for 100,000 students.
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