Presidency Says How N5,000 Monthly Allowance Will Be Paid

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Nigeria’s vice president, Professor Yemi Osinbajo, has shed more light on the proposed N5,000 monthly allowance for unemployed Nigerians, The Punch reports.

In a statement issued on Sunday by the senior special assistant on media and publicity to the vice president, Laolu Akande, the federal government would not import food for its school feeding programme.

The Presidency has shed more light on the N5,000 monthly stipend.

The statement read: “One of the major differences here is that the social intervention programme such as the Conditional Cash Transfer would be a direct transfer of N5,000 monthly to the extremely poor among us.

“This is a safety net that several advanced nations have put in place long time in their history often at times of economic challenges.

“The money would be paid directly to the people concerned on the condition of school enrolment and immunisation.

“This way, we are expanding school enrolment and also assuring physical well-being.

“Homegrown school feeding programme will commence in public primary schools in the New Year providing adequate nutrition to schoolchildren, promoting local farming, boost agriculture and create jobs and wealth locally.

“We have experts working in the Presidency, collaborating with experts from global bodies who together will bring to bear international best practices working on how best to implement these programmes.

“I can tell you that no sooner had President Buhari resumed work than many of these experts have been meeting and planning on how best to implement these plans.

“We are not talking here of something hurriedly put together or a programme where some consultants would take the huge chunk of the resources.

“We have experts working in the Presidency, collaborating with experts from global bodies who together will bring to bear international best practices working on how best to implement these programmes.”

It also added that, “there will also be the provision of affordable, very low cost loans to market women and artisans to enable them to enlarge and expand their trades.”

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