FG approves 400 Billion Naira for Conditional Cash Transfers, Farmer Money etc.

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The Federal Government has approved the sum of N400 billion under the National Poverty Reduction and Growth Strategy (NPRGS), which covers some social protection schemes including the Enterprise and Labor Empowerment Program. government (GEEP), conditional cash transfers, farmers’ money and market money.

The approval for 2022 was disclosed by Governor Abdullahi Sule of Nasarawa State who spoke to State House correspondents after a meeting of the NPRGS National Steering Committee on Thursday at the Presidential Villa in Abuja.

The governor said the meeting was a steering committee for the presidential poverty and growth strategy, according to the News Agency of Nigeria.

What Governor Sule says

President Muhammadu Buhari had, in 2021, inaugurated the NPRGS which would be chaired by Vice President Yemi Osinbajo. Sule said the meeting was to review the implementation of what was approved in the budget.

According to Sulei, “This is a meeting of the steering committee of the presidential strategy for the fight against poverty and growth.

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“The last meeting we had, the fourth meeting, we were able to set up different working groups that are going to prepare the total budget that was needed.

So they were able to do it and then we were able to get the president’s approval as well.

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Based on the President’s approval and availability in the budget, this meeting that we had was actually just to review the implementation of everything that was approved, both in the budget and by the president.”

The governor listed some of the programs through which the federal government was implementing the NPRGS.

He said,Looking at what is available in this year’s budget which is around 400 billion naira, the humanitarian ministry is going to take 350 billion naira for the expansion of various programs such as enterprise and empowerment program government (GEEP), conditional cash transfer, farmers’ money., Market money and the rest.

He said there is also an additional 50 billion naira which will be earmarked for various other programs like Ministry of Agriculture for rural roads and electricity in terms of solar energy.

What you should know

  • Nairametrics reported last year that President Muhammadu Buhari revealed that Nigeria would need investments valued at N348.1 trillion to fully realize its expectations in the National Development Plan (NDP) 2021-2025, the NDP will also replace the Economic Recovery and Growth Plan (ERGP), 2017-2020, which expired in December 2020.
  • He said the plan would also pave the way for the FG’s plan to lift 100 million Nigerians out of poverty in 10 years, under the National Poverty Reduction Strategy with Growth (NPRGS), revealing that on the 348.1 trillion naira needed to push the plan, the government is expected to provide 49.7 trillion naira or 14.3%, while the private sector would provide the balance of 298.3 trillion naira or 85.7%.

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