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FG spends N500b yearly on poor, vulnerable Nigerians – Minister

THE Federal Government invests over $1 billion (about N500 billion) into the National Social Investment Programme (NSIP) yearly for positive change in the lives of the poorest and most vulnerable in the country.

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, disclosed this yesterday in Abuja while flagging off a programme aimed at training a total of 1,850 youths from across the country on Point-of-Sale (POS) business.

According to the minister, the training will enable the beneficiaries to meet the minimum technical and business requirements for becoming mobile money agents and enhance their entrepreneurial competences.

“The gesture, being carried out under the Mobile Money Agents Programme (MMAP), introduced in 2020 to sustain the social inclusion agenda of President Muhammadu Buhari’s administration, would see the beneficiaries provided with starter packs that include a POS machine, fingerprint scanner, furniture and umbrella, as well as a modest capital of N20,000,” the minister said.

She noted that the gesture was part of the Buhari administration’s desire to lift 100 million Nigerians out of poverty in 10 years.

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