Friday, 21 July 2023 04:50

NEC dumps Buhari’s social investment register, approves alternative

Rate this item
(0 votes)

National Economic Council (NEC) presided over by Vice-President Kashim Shettima, has dumped the national social register compiled under Muhammadu Buhari, immediate past president, for lacking credibility.

The council, instead, proposed the implementation of a cash transfer programme for states based on their social registers and a cash reward policy for public servants for six months.

The decision was part of the outcome of the over five hours meeting by members of the council at the State House on Thursday.

Speaking with journalists, Chukwuma Soludo, governor of Anambra, said NEC agreed that states should come up with their own registers using formal and informal means.

He added that all beneficiaries will be easily identified at the subnational level.

“We need to face the problem of the fact that we don’t have a credible register,” he said.

The Anambra governor said NEC deliberated on ways to cushion the impact of the recent removal of the petrol subsidy.

He added that the council agreed on the need for payment of outstanding liabilities of public servants, including pensions and gratuities, to alleviate their hardships.

According to Soludo, the council also agreed that the government will focus on funding micro, small and medium enterprises (MSMEs) with single-digit interest rates to support business growth.

In 2016, the federal government established the national social investments programme (NSIP) to “tackle poverty and hunger” across the country.

For the take-off of the programme, the government had directed the immediate release of N25 billion.

For its implementation, a national social register was created, comprising names of vulnerable people and households across the country.

 

The Cable

April 26, 2025

Nigerian Stock Market dips after three-day rally

The Nigerian stock market ended its three-day bullish streak on Friday with a 0.3% decline…
April 21, 2025

Tunde Bakare to Tinubu: ‘Stop playing God, embrace humility’

In a fiery Easter Sunday state-of-the-nation address delivered in Lagos, Tunde Bakare, the serving overseer…
April 23, 2025

Don’t wait for the ‘perfect’ time to make big life decisions, says Phoenix mayor

Kate Gallego Kate Gallego knew she wanted to run for mayor of Phoenix, but the…
April 26, 2025

Declassified CIA file about UFO aliens attacking soldiers released

A declassified document posted to the CIA’s website is raising eyebrows with claims of an…
April 26, 2025

COINCIDENCE? Three times trucks have rammed into Christian processions in Gombe, The Cable queries

In Gombe state, there is a disturbing trend: vehicles crashing into processions of Christians during…
April 26, 2025

What to know after Day 1157 of Russia-Ukraine war

WESTERN PERSPECTIVE Russia and Ukraine 'very close to a deal', says Trump US President Donald…
April 25, 2025

Artificial sweetener found in diet drinks linked to brain changes that increase appetite, study finds

A growing body of evidence has increasingly linked diet sodas and other no- or low-calorie…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.