Sunday 15 May 2016

#Fuel subsidy: Presidency to pay N5000 monthly to 1m Nigerians

A statement by the media spokesperson for Vice
President Yemi Osinabjo, Mr. Laolu Akande in Abuja on
Sunday stated "All together the federal government would
be directly impacting the lives of more than 8 million
Nigerians in different social investment 2016 budget
spending that would provide succor and be a ready-made
palliative to ordinary Nigerians."
Giving a breakdown of the interventions and palliatives,

Akande said that said that there would "the direct
payment of N5000 monthly to one million extremely poor
Nigerians for 12 months as provided for in the 2016
budget for which N$68.7B has been appropriated."

Similarly, the government has also made available a
"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 N60,000. A total sum
of N140.3B has already been appropriated for this in the

The details also showed their there would be "payment of
between N23,000 to N30,000 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".
According to the media aide, "100,000 artisans would
also be trained and paid
N191.5B has been set aside for this in the passed

He also said that "At least 5.5 million Nigerian primary
school children -ie starting first in 18 states-three per
geopolitical zones-would be fed for 200 school days
under the free Homegrown School Feeding Programme",
as "N93.1B has been appropriated for this in the 2016

In this same vein "100,000 tertiary students in Science
Technology Engineering & Maths-STEM, plus Education
will partake in the N5.8B already provided for this
education grant in the budget.
Akande stated that "This payment would also be paid
directly to the students."
He stated that these measures that would start in a
matter of weeks would certainly lift the ordinary man
from the pangs of economic hardship and poverty.

"Long before now, the Presidency has made adequate
arrangements in the 2016 budget to ensure that Nigerians
are lifted from poverty and hardship," Akande said,
adding that "the Buhari presidency is keen to ensure that
Nigerians are lifted and that if necessary on an ongoing
basis palliatives measures would always been considered
to address the conditions of the people."

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