Over 8m to benefit from N500b social investment – Presidential aide

The Federal Government would be directly impacting the lives of more tan eight million Nigerians in different social investment 2016 budget spending that would provide succour and be a ready-made palliative to ordinary Nigerians.
This disclosure was made on Sunday by the Senior Special Assistant for Media and Publicity to the President, Laolu Akande, in an interaction with the press in Abuja.
Akande gave new details and a breakdown of the interventions and palliatives, some of which he said would be starting in a matter of weeks.
These include the direct payment of N5,000 monthly to one million extremely poor Nigerians for 12 months as provided for in the 2016 budget, for which N68.7 billion has been appropriated; the direct provision of very soft loan – cash for market women, men and traders, including artisans and Agric workers. Read more