As we approach the one-year anniversary of President Bola Tinubu, who was sworn in as president of the Federal Republic of Nigeria on May 29th, 2023, taking over from ex-president Muhammadu Buhari, we have been reliably informed that some of the suspended social intervention programs of the previous administration may be revitalized on or before May 29th, 2024.
Knowing how helpful the intervention programs have been to Nigerians, Naijanationnews has decided to update you on some of the programs with the possibility of making a comeback to the scene by May. We advise that you keep reading this article to get the full information!
Intervention Programs That FG May Revive Before May 29, 2024
1. National Social Investment Programmes (NSIP): The government recently announced the commencement of the payment of N200 billion to 12 million households through the National Social Investment Programme. The beneficiaries, which include 60 million Nigerians, must have National Identity Numbers (NIN) and Bank Verification Numbers (BVN). The funds will be sent directly to the beneficiaries’ mobile money wallets or bank accounts. So, ensure you have your NIN and BVN ready so that you don’t get left out of this amazing opportunity.
2. Consumer Credit Program: President Bola Tinubu is planning to introduce a consumer credit program as a part of his economic adjustment strategy. This program, which is targeted at making food affordable for all Nigerians, will be managed by a committee led by the President’s Chief of Staff, Femi Gbajabiamila. This program, when fully launched, will give Nigerians increased access to consumers, which will in turn help stimulate economic growth.
3. Stipends for Unemployed Youths: The government recently took a crucial decision to pay a monthly stipend of N25,000 to unemployed youths across Nigeria. This initiative was designed to reduce the financial difficulties faced by those who are currently without a job.
Wale Edun, the Minister of Finance, announced the initiative after a meeting of the Federal Executive Council (FEC) on February 26, saying that President Bola Tinubu’s government is dedicated to assisting young people, especially recent graduates who are struggling with the high cost of living. The payment is part of a Social Security Unemployment Program that will help improve the financial situation of those who are most in need.
Conclusion
On his assumption of office in May 2023, President Bola Tinubu made it abundantly clear that his administration would prioritize helping poor Nigerians. These initiatives highlight the president’s dedication to helping vulnerable populations and boosting economic growth. As the President prepares to celebrate his first year in office, it is expected that there will be positive progress in the programs aimed at improving the lives of unemployed youth nationwide.
Keep reading our articles to get exclusive breaking news about all federal government intervention programs.
