Nigerian govt plans to spend N400 billion on NPOWER, TRADERMONI, others in 2021

15 Nov Nigerian govt plans to spend N400 billion on NPOWER, TRADERMONI, others in 2021

More than half of the total proposal for recurrent expenditure (52.6 per cent) would be used for the implementation of programme components of the Job Creation Unit (JCU), including N-Power and Innovation Hubs.

For 2021 fiscal year, the Nigerian government, under the ministry of humanitarian affairs, has proposed to spend N400 billion on its social investment programmes (NSIP).
This comprises a total recurrent expenditure of N350 billion and N50 billion for capital spendings, according to a document submitted to the National Assembly by its joint committees on poverty alleviation. PREMIUM TIMES reports.

The document showed that while the proposed recurrent expenditure for next year would remain unchanged, the estimate for personnel cost was increased by 2.31 per cent, from N166.3 billion in 2020 to N170.1 billion in 2021.
This increase is “because of (an) increase in the number of NPOWER (NTEACH Hub) beneficiaries from 400,000 to 450,000,” the document said.

More than half of the total proposal for recurrent expenditure (that is 52.6 per cent) would be used for the implementation of programme components of the Job Creation Unit (JCU), including N-Power and Innovation Hubs.
Also, the ministry penned N145 billion for the Home-Grown School Feeding (NHGSFP), which is to feed 9.86 million children, de-worm 7 million children and recount the pupils.

Likewise, N35.8 billion has been billed to be expended on the GEEP – comprising marketmoni, tradermoni and farmermoni – for recurrent costs and capital spendings, which includes loan funds and the “programme’s setup and technology.”

The GEEP offers soft loans to local farmers and traders, and next year, a total of 1.66 million beneficiaries are intended to be captured in the programme’s net.