Intervention Programs in the FG That Could Be Reinstituted Before May 29, 2024
Intervention Programs in the FG That Could Be Reinstituted Before May 29, 2024
You may or may not be aware of some of the FG Intervention Programs that are on hold or unpopular but could be revived before May 29, 2024, which we will be providing you with updates on in today’s Latest Arewa Fact News.
So carry on reading! These programs must be relaunched by May 29, 2024, at the latest, as President Bola Tinubu will have been in office for one year on this important date.
1). Monthly Stipends for Unemployed Youths: The Federal Government announced a ground-breaking plan to provide N25,000 monthly stipends to unemployed youngsters nationwide.
This calculated move is intended to lessen the financial burden that the jobless community bears. Wale Edun, the minister of finance, announced on February 26 after the Federal Executive Council (FEC) meeting.
The government is determined to help the young people in these hard times of skyrocketing food prices, especially the jobless grads. The stipends are a component of the Social Security Unemployment Program, which will increase the economically disadvantaged people’s purchasing power.
- Consumer Credit Program: As part of its economic adjustment strategy, the government intends to introduce a consumer credit program in addition to the stipends. Under the direction of Femi Gbajabiamila, the President’s Chief of Staff, a committee, this program seeks to increase consumer credit availability and, as a result, lower the cost of goods. This action is anticipated to promote economic recovery.
- National Social Investment Programs (NSIP): The government had pledged, before the program’s suspension, to restore direct payments under the NSIP to 12 million households, or 60 million Nigerians. It is important to note that beneficiaries will be recognized by their Bank Verification Numbers (BVN) and National Identity Numbers (NIN). Money will be moved to their bank accounts or mobile money wallets.
These programs demonstrate the government’s dedication to assisting economically disadvantaged groups and promoting economic expansion. On that day, the President will celebrate one year in office, and it is expected that the programs aimed at improving the lives of young people without jobs nationwide will advance favorably.
