₦airaland Forum

The Cost of Compliance Report which was presented to the Council at its first virtual meeting of the year on Tuesday revealed persistent corruption, duplicity of functions, poor service orientation, and several anti-business disposition in some of the regulatory agencies.

We are so concerned with what the president or vice president and forget the main people with whom this activities has been entrusted

STATE HOUSE PRESS RELEASE
OFFICE OF THE VICE PRESIDENT


ESP CASH TRANSFER SCHEME:
LIFTING 20 MILLION NIGERIANS OUT OF POVERTY IN NEXT 2 YEARS NOW WITHIN REACH, SAYS OSINBAJO

*VP adds: Nigeria deserves social security scheme not just for poverty alleviation, but wealth creation also

*Nigeria first country in Africa to develop & test wholly technology-based approach to social protection

Following the successful activation of the Economic Sustainability Plan’s (ESP) Cash Transfer scheme aimed at delivering financial support to at least 1 million urban-based households using technology, the Buhari administration’s vision of reducing extreme poverty by lifting at least 20 million Nigerians out of poverty in the next two years is now within reach, according to Vice President Yemi Osinbajo, SAN.


Prof. Osinbajo stated this Tuesday in Abuja while flagging-off, virtually, the cash transfer scheme to be facilitated through a wholly technology-based approach called the Rapid Response Register (RRR).


RRR is the means by which urban poor and vulnerable population can be speedily identified using geographic satellite technology and other related means for the purposes of delivering cash to households affected by the fallouts of the COVID-19 pandemic in the country.


According to the Vice President “the groundbreaking success of the RRR, now emboldens us to achieve our aspiration of a social security programme for a minimum of twenty million Nigerians in the next two years. This will be the largest of its kind on the continent. This (aspiration) is, at least from the perspective of this tested approach, now well within our reach.”


“The only constraint, of course, is the funding which we must look for because, this country deserves a social security scheme that will not merely alleviate poverty but also create wealth for the millions of those who are waiting for this opportunity.


“Our government launched the National Social Protection Policy (NSPP) in 2017 to provide the framework for institutionalizing the work we started since 2016 on reducing extreme poverty in Nigeria, based on our administration’s vision to create a comprehensive social security programme for the poor and vulnerable and thereafter the pledge to lift 100 million Nigerian’s out of poverty in ten years.”


The Vice President maintained that the launch of the (RRR) social protection method of targeting, which is the first strategy to be developed and tested in the Sub-Saharan Africa region, would enable Nigeria tackle poverty in a more systematic manner, leveraging technology to expand the scope of the interventions.


His words: “As of 31st December 2020, we have identified and registered about 24.3 million poor and vulnerable individuals into the National Social Register; equivalent to about 5.7 million households. Through this project, we are currently injecting about N10 Billion directly into the hands of about 2 million poor and vulnerable people every month.


“This is about the largest evidence-based effort by any administration on poverty reduction and its impact on the lives of the poor is huge; by way of improving the livelihoods of the beneficiaries through enhanced household purchasing power; smoothening consumption; increasing savings and acquisition of household assets; and improving the local economy. There are many more ramifications.”


Earlier in her remarks, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq said the initiative would provide a gateway to other important government programmes, adding that Nigeria now has a database for impact tracking and the expansion of social interventions and related programmes, in line with President Muhammadu Buhari’s vision of extending financial support to more Nigerians.


She said “By design, this register links to other databases such as banking information of respondents and national identity numbers. It is also a process that is advanced in unifying national databank towards the delivery of social development in Nigeria. There is no doubt that in future, as has been demonstrated in the previous presentation, we would be reverting to the process used here and the register itself, to aid emergency assistance”.


On his part, the World Bank Country Director for Nigeria, Mr Subham Chaudhuri commended the Federal Government for the initiative, noting it as a critical component in the country’s response to the COVID-19 pandemic. While pledging the support of the World Bank for the project, Mr Chaudhuri emphasized the need for stakeholders to remain transparent in the selection and disbursement of the funds to the beneficiaries.


About 3,115 households received alerts of payments instantly at the flag-off of the project by the Vice President. A total of 1 million households would be impacted directly under the scheme in the next 6 months.


The Cash Transfer scheme which is part of the ESP is designed to build a shock responsive framework for capturing and registering the urban poor and vulnerable populations across Nigeria. The RRR focuses mainly on the urban poor wards selected using scientifically validated methods of satellite remote sensing technology, machine learning algorithm and big data analysis.


Also present at the event include the Minister of Labour and Employment, Sen. Chris Ngige; the representative of the European Union (EU) mission in Nigeria, Mr Ketil Karlsen, among others.



Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President

19th January 2021

I couldn't help but laugh when I saw the headline. Sometimes we act too gullible.
Reason like business man the budget is not for leisure traveling but for businesses

It is number one for me. For the first time in a while we acknowledge Nigerian scientists and not the usual way if importing scientists.
Gradually we will learn to trust our own

I will gladly voTe for him if he chooses to run for presidency. Come to think of it he has never suggested such.
I think he should since he won the heart of the masses already

South west all the way. if we continue with zoning system it may not be favorable for our progress. Voting should be based on integrity and ability to bring forth growth

Punch newspaper should not be in existence they have lost all since of professionalism.
For your own sanity never base your judgement on newspapers report go extra lent before taking a stand

Please for your sanity please ignore Nigeria new papers

We have capable and knowledgeable people in our health sector just that we too much Faith in foreign things than made in Nigeria

As a nation we have been through a whole lot which many Nations couldn't have survived but we are still one not divided. Some men and women paid the price the best we can do is build in what is left that their labour may not be a waste.
We are stronger together

May their labour not be in vain

Vice President has explained why President Muhammadu Buhari has exempted some Nigerians from paying tax
This is necessary for the growth of this businesses especially with the emergenc of the pandemic which has reduced output.
Tax exemption by the government is way of helping them to reduce burden and help them keep their staffs.
The growth of this businesses are paramount as they help boost our National income

Congratulations to her on. We hope will instrumental to the growth of course

If we continue to compare and contrast we go no where. We are not the same geographically and constitutionally neither are our challenges the same. We should address our country base on her peculiarity

The summary of our problems and the solution to it is "freedom of speech". Until we know our boundaries on this we go no where.
But why should osinbajo be mentioned in this leaving out the bishop under which he is servicing?

Accountability and transperacy

We need initiatives like this. Kudos

Our Economy growth depends on MSMEs as we don't intend to continue depending on oil.
If good environment can be created for the MSMEs to grow then in no distant time the effect will be obvious in our Revenue

A welcome development. It is good to note that we have genius in our health sector

And it also shows the company’s confidence in the sort of talents that we have and the commitment of government to ensuring that we develop that talent in the best possible ways that we can.
Osinbajo

Economy sustainability plan has been of great help to the beneficiaries and our Economy indirectly by helping to reduce the effect of Covid-19 on business.
I encourage private sectors to contribute to the scheme as it will help them to stay in business.
Take for instance a food seller going out of business it will not only affect the seller but the producers of the ingredients used in making the food. The producers only needs to help the seller to stay in business to keep his own business moving

we have a digital innovation initiative which we hope will be the foundation for doing far more in the digital space than we are doing at the moment.” osinbajo.
Thank you sir for what you

We can't leave everything to the government. Private sectors has a whole lot to do ( they need to give back to the community whom the success of there own business depends on).

This administration has really done alot in MSMEs compared to previous years but there are more to be done inorder to get the desired results

We must not forget the sacrifice our heroes passed and the course for which they laid there life

Any Nation that does not emphasize Integrity will Always FAIL” : Yemi Osinbajo.

Another opportunity for the youth to explore

In this part of the world it is very easy to condemn any people that we do not benefit from not minding that the person is on the right track and that we are been selfish.
As a matter of fact I encourage that the Nigeria constitution should be a subject on it own

TheRareGem1:
I don't agree with shehu sanni on this....it does not work like that in Nigeria especially where the citizens do not trust the government, Some might say the vaccine will kill them so therefore, they won't take it but when they see the number one citizen and the number to citizen of the country on live television taking the jabs, I think that will give them sense of trust so is the way to go even in the developed countries subject to the kind of privilege whereby he the prime minister or the president get the jab on live television

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You are very correct sir as this is a way to gain their trust in the vaccine if we must over come the danger that may occur if this pandemic stays to long

My people perish for lack of wisdom

When making comparison do it with wisdom without hypocrisy.
The constitutional power assigned to the vp in USA is not same as that of Nigeria. In Nigeria they berely has any power r except when there superior assign any to them
We must also remember that osinbajo has been the most active VP we ever had.
Is actions during the endsars protest and setting up judicial panel proofs that he is valuable