Recession: FG to cut N500bn poverty alleviation fund

Maryam Uwais
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(Last Updated On: 2016-09-11)

The effect of current economic recession being witnessed in the country is biting hard as Federal Government has concluded plans to reduce N500 billion poverty alleviation fund.

The Special Adviser to President Muhammadu Buhari on Social Investments, Maryam Uwais, who made the disclosure, said the decision to scale down the fund was taken in view of the economic challenges facing Nigeria presently.

Speaking at Civil Society Information Dissemination On Monitoring Federal Government Social Protection Programme, SPP, on SDGs, Uwais said it became necessary as revenue generation has dwindled compared to when the programme started.

The Presidential aide however did not disclose the amount that would be used to fund the programme, stating rather that it would be determined by Ministry of Finance.

Uwais said “We have budgetary constrain so we have to scale down the fund and this depends on what the Ministry of Finance gives us but clearly the government is not getting the revenue it expects to get.

“Although money was yet to be released for the program but we have being developing framework for the implementation of the project. The cash transfer program was about to start in nine states of the federation as they are about compiling the register of poor people in the states.

“Therefore, we will have to scale down because there are disbursement, it depends on Ministry of Finance, whatever they give us is what we will use but clearly government is not getting the revenue it expected to get.”

Uwais stated that the special intervention project was designed for delivery under five defined programmes, which include N-Power, Home Grown School Feeding, Cash transfers, Enterprise and Empowerment, and Stem Bursary Programmes.

She maintained that the school feeding programme has kicked-off, but would engage Civil Society Organisations, CSOs, for effective monitoring of the programme.

According to Uwais, “We are developing a comprehensive register of vulnerable people in the society so we want to engage the CSOs to ensure that the register is authentic and realisable.

“Nigerians are different we were worried about our programme being politicised, so we want to make sure that our programme reach every Nigerian irrespective of political admiration or irrespective of ethnicity or culture.”

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