Abuja – President Bola Ahmed Tinubu has approved the disbursement of N32.7 billion under the National Social Investment Programme (NSIP) to support vulnerable groups across the country.
This was disclosed in a statement issued by the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development on Thursday. The funds are intended to provide relief and empower marginalized Nigerians, particularly those affected by poverty and other socio-economic challenges.
According to the ministry, the initiative aims to address critical issues such as hunger, unemployment, and lack of access to basic services, aligning with the administration’s commitment to improving the welfare of the citizenry.
“This approval reflects President Tinubu’s resolve to uplift vulnerable populations and ensure that no Nigerian is left behind in the pursuit of national development,” the statement read.
The NSIP, which was established in 2016, has been instrumental in providing support to underprivileged communities through various initiatives, including the Conditional Cash Transfer (CCT), Government Enterprise and Empowerment Programme (GEEP), N-Power, and the National Home-Grown School Feeding Programme (NHGSFP).
The approved N32.7 billion will be distributed among these initiatives to reach the targeted beneficiaries efficiently. The ministry noted that measures are being put in place to ensure transparency and accountability in the allocation and disbursement of the funds.
Observers have lauded the move, describing it as a step toward reducing the impact of economic hardships on the most vulnerable Nigerians. However, they also called for proper monitoring mechanisms to ensure the funds reach the intended recipients.
The government has urged state and local authorities to collaborate effectively in implementing the program to maximize its impact and ensure sustainable development outcomes.
This approval underscores the administration’s broader economic reform agenda, which seeks to address pressing social issues while fostering inclusive growth.
