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Social Investment Package: 1 Million Poor Nigerians to be paid 5,000 monthly

President Muhammadu Buhari has unveiled a social investment package designed to impact on the lives of over eight million Nigerians.
The package is said to begin in a couple of weeks time in which
*5 .5 million school children is to be fed for 200 school days in first phase of homegrown school feeding programme
*Over 1 .6 million Nigerian traders , market women , men , artisans to
receive loans .
*1 million extremely poor and vulnerable Nigerians to receive N 60,000 this year in 12 months payments of N 5000 each .

Over 8 million Nigerians would benefit from these different social investment to be done by the federal government

The Senior Special Assistant for Media & Publicity to the President , Mr. Laolu Akande , in an interaction with the press in Abuja disclosed this information, giving the details as follows:

1-the direct payment of N 5000 monthly to one million extremely poor Nigerians for 12 months as provided for in the 2016 budget for which N $68. 7 B has been appropriated.
2- the direct provision of very soft loan - cash for market women , men and traders , including artisans and Agric workers . This would be for a total of 1 . 76m Nigerians, without the requirement for conventional collateral. Some of the traders will likely get about N 60, 000 . A total sum of N 140 .3 B has already been appropriated for this in the budget ,
3-payment of between N 23,000 to N 30, 000 per month to 500 , 000 unemployed graduates who would be trained , paid and deployed to work as volunteer teachers , public health officers and extension service workers among other responsibilities .
-They would also be given electronic devices to empower them technologically both for their assignments and beyond
-similarly 100 ,000 artisans would also be trained and paid.
N 191. 5 B has been set aside for this in the passed budget .
4-At least 5 .5 million Nigerian primary school children - i.e starting first in 18 states -three per geopolitical zones- would be fed for 200 school days under the free Homegrown School Feeding Programme .
N 93.1 B has been appropriated for this in the 2016 budget .
5-100 , 000 tertiary students in Science Technology Engineering & Maths-STEM , plus Education will partake in the N 5. 8 B already provided for this education grant in the budget . This payment would
also be paid directly to the students.

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