By Levinus Nwabughiogu ABUJA - To cushion the harsh effect of the new pump price of Premium Motor Spirt, PMS also called petrol on the people, the presidency is set to implement the N500 billion earmarked in the 2016 budget for social welfare. 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 budget". 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 budget." 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 budget." 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." www.vanguardngr.com/2016/05/fuel-price-hike-presidency-rolls-palliatives/

This 5K matter again
The thunder that will fire this government is smoking its last wrap of Oshogbo weed

Waiting

Nigeria na wa

APC is taking us for granted I guess

5billion for 1million people... I think if they invest this in SMEs (say for 1000 beneficiaries), the multiplier effect would surpass whatever it is each one of the 1million beneficiaries would do with such a paltry amount individually.

This people must think all of us are fools.

But honestly they are just fooling themselves

If this is true, what a shame to the Buhari lead administration, the stone is rolling back @ all you people...... I dey laugh

To believe this is genuine then the 1m ppl must be a division by the 36 states or else this is a means to feed the beggers of the north.

Nawa o, were they wan see moni do dis heaven and earth. Well fingers crossed, NLC patient first lets see whether it will be implimented.

Am jux observing anyways

Jesus Christ!!! I give up on Buhari and APC . . . a country of 170million, you pay 5k to 1million.

169million remaining...

I doubt if Buhari actually thinks at all like WTF

This is the best palliative measure these guys can come up with, seriously this is sickening!!!

Nigeria is on a long thing....

I swear GEJ was a far better option than this man 1000times over, forget all this useless propaganda of corruption this corruption that....

How did we come to this?

Turned the hands of time too far that we couldn't do better than an old recycled military dictator who has no secondary diploma.

Who even trust this rogue government?

we

omenka:
5billion for 1million people... I think if they invest this in SMEs (say for 1000 beneficiaries), the multiplier effect would surpass whatever it is each one of the 1million beneficiaries would do with such a paltry amount individually.

you think it's better for 1000 brilliant people to benefit than a million poor souls because of a nonsense multiplier effect?

This is SUPERSTORY

Do u even believe this story coz I know Lia Mohammed will soon deny it. APC all progressive criminals

johnydon22:
Jesus Christ!!! I give up on Buhari and APC . . . a country of 170million, you pay 5k to 1million.

169million remaining...

I doubt if Buhari actually thinks at all like WTF

This is the best palliative measure these guys can come up with, seriously this is sickening!!!

Nigeria is on a long thing....

I swear GEJ was a far better option than this man 1000times over, forget all this useless propaganda of corruption this corruption that....

How did we come to this?

Turned the hands of time too far that we couldn't do better than an old recycled military dictator who has no secondary diploma.

Wetin be N5k abeg?




They need to address the minimum wage issue once and for all and stop all this beating around the bush!

APC Criminals!!! They are looting and empowering their boys for 2019.

ckmayoca:
To believe this is genuine then the 1m ppl must be a division by the 36 states or else this is a means to feed the beggers of the north.

Money wey them wan loot?

But I want to know. Which minister and governor is forcing him to implement this fraud.

This government is hopeless. I thought VP is a prof. Well, why not fix our refineries and also boost power generation with these monies so that we won't get to this point of sharing money that will only create more problems. The money cannot go around and the short-changed will scream.

What can 5000 naira buy in the Nigeria of today??

Jeez!! these guys and their economics is just disgusting!

increase minimum wage and not that rubbish they are trying to do

What do this government even take Nigerians for? N5000??

This is mere waste of resources and a non-sustainable project. How the 1 million beneficiaries will be sorted out of the about 200 million Nigerians remains a mystery to me except this is targeted at those party members who worked for Change during the 2015 General Elections. #JustSaying

Is Osinbajo related to Liar Muhammed ?

Or its mere similar characteristics..

Are we still insisting on 'dashing' money out like father Christmas

An unsustainable socialist scheme that will soon heap more task on the EFCC by the time misappropriation cases starts propping up here and there.

bluaero:
This 5K matter again
The thunder that will fire this government is smoking its last wrap of Oshogbo weed

Lmfao

johnydon22:
Jesus Christ!!! I give up on Buhari and APC . . . a country of 170million, you pay 5k to 1million.

169million remaining...

I doubt if Buhari actually thinks at all like WTF

This is the best palliative measure these guys can come up with, seriously this is sickening!!!

Nigeria is on a long thing....

I swear GEJ was a far better option than this man 1000times over, forget all this useless propaganda of corruption this corruption that....

How did we come to this?

Turned the hands of time too far that we couldn't do better than an old recycled military dictator who has no secondary diploma.

First off it was Osinbajo who stated during the campaign that they would pay 5k
Also this is something the govt must try first. They want to reach as many people as possible. If it doesn't work then we can try another method.
GEJ's method(YouWin) was successful but only a few people were lifted out of poverty. Yes I know 5k can't make a person rich but u would be surprised what it can do for the most deprived in society.
It is EXTREMELY important to have a social safety net. This is what prevents a lot of violence ie insurgency, militancy, etc in developed countries.

stupid palliatives