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About 300,000 Nigerians Currently Receiving 5,000 Naira Monthly- FG - Politics - Nairaland

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About 300,000 Nigerians Currently Receiving 5,000 Naira Monthly- FG by TheSaxophonist: 1:32pm On Jan 04, 2019
The Presidency has said it is mischievous, but not entirely out of character, for the immediate past governor of Ekiti State, Ayo Fayose, to attack TraderMoni.

TraderMoni is an interest-free N10,000 loans given to petty traders under the Federal Government Social Investment Programme.

Fayose was quoted to have recently described the TraderMoni scheme as a direct “re-looting of the Abacha loots”.

The Social Investment Programme (SIP) Response Team, Presidency, in a statement on Thursday in Abuja, said that the issue of TraderMoni had been addressed several times in the public space.

It said that the disbursement of TraderMoni was transparent and direct, while the enumeration was technology-driven.

“It is infantile for the Peoples Democratic Party (PDP) and Fayose to keep rehashing outright falsehood.

“It is clear from their actions that Fayose and his cronies are bereft of workable ideas and do not have any clear-cut agenda for their campaigns, so they have no choice but to resort to regurgitating spurious allegations like this.

“Their resort to the unending generation of fake news as a campaign strategy is not shocking, coming especially from Fayose, but it is nonetheless pitiful.’’

The presidency noted that the TraderMoni scheme was helping the lives and businesses of ordinary Nigerians like petty traders at the bottom of the economic ladder.

It said that the scheme was another proof that the President Muhammadu Buhari-led administration was irretrievably focused on improving the lives of the common man.

The presidency said that Fayose ought to be reminded that under Buhari administration’s, N2.7 trillion had been spent in two budget cycles on capital projects, the highest in the nation’s history.

It said that expenses on capital projects would not have been possible if not for the prudent management of resources and the absence of grand corruption for which his party PDP was well known.

“This government has been able to do far more with less resources, than what was obtained under past administrations, where profligacy; gross mismanagement of the country’s resources were rife.

“Thus, Fayose’s feeble attempt to lump the Vice President or the Buhari administration into the sordid happenings under the PDP in past administration through spreading falsehood is not only mischievous, but a disrespect to hardworking Nigerians in their millions who are now enjoying the impact of the Social Investment Programmes of this administration.

“It must be emphasised that, for the records, the repatriated 322 million dollars is now currently being applied to support the Buhari administration’s Conditional Cash Transfer (CCT) scheme under the Social Investment Programmes.
“Part of the conditions under which the looted funds were restored to Nigeria is that the World Bank would be involved in over-sighting its disbursements, which is what is being done now.

“Thus, any claim of re-looting of any kind is totally false and must be ignored by Nigerians. Fayose and his ilk merely cry wolf where none exists; a shameless habit for which he is now well known.’’

It said that currently, almost 300,000 Nigerians in 21 states were benefitting from the CCT, where they received a monthly stipend of N5,000.

It said that the beneficiaries were registered in the National Social Register across these states and the process of selecting beneficiaries was transparent.

More:
https://insiderpostonline./2019/01/04/about-300000-nigerians-currently-receiving-5000-naira-monthly-from-fg-presidency/

Re: About 300,000 Nigerians Currently Receiving 5,000 Naira Monthly- FG by Optional09: 1:43pm On Jan 04, 2019
In the North right? the same way Northerners recieved Loan to farm and they are bringing their cow to destroy our own farms we set up with our own money.

Meanwhile the money they received as loan is being generated from our region example alcohol tax.

This cheating is too much.
Re: About 300,000 Nigerians Currently Receiving 5,000 Naira Monthly- FG by Mystick: 1:58pm On Jan 04, 2019
300,000 pockets through which our money is siphoned. If you know you know.

2 Likes

Re: About 300,000 Nigerians Currently Receiving 5,000 Naira Monthly- FG by Racoon(m): 1:59pm On Jan 04, 2019
Who are the so called Nigerians receiving these stipends? Where are they? What are the criteria for selecting them? Where is the data base where the info about this be obtain.

1 Like

Re: About 300,000 Nigerians Currently Receiving 5,000 Naira Monthly- FG by Agbgift(f): 2:16pm On Jan 04, 2019
Pls if you are part of those receiving this stipends, raise up ur hand.

1 Like

Re: About 300,000 Nigerians Currently Receiving 5,000 Naira Monthly- FG by NSNA: 2:18pm On Jan 04, 2019
300000 x 5000 = 1.5 Billion

Buhari food budget = 1.4 Billion

300000 Poor Nigerians = 1 Buhari


300 thousand poor Nigerians equal to Buhari Food budget
Re: About 300,000 Nigerians Currently Receiving 5,000 Naira Monthly- FG by helinues: 2:23pm On Jan 04, 2019
300,000 @ where?

Even if una wan lie, dey do am small small to swallow..
Re: About 300,000 Nigerians Currently Receiving 5,000 Naira Monthly- FG by Modarun(m): 2:26pm On Jan 04, 2019
So says the political pastor. Oga God will surely punish you for these lies.

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