» N500bn Social Welfare: '1million Poor Nigerians To Get N5,000 Directly' – Akande «

The Senior Special Assistant on Media in the Office of the
Vice President, Adeolu Akande, on Sunday revealed that
one million extremely poor Nigerians would be direct
beneficiaries of the N5,000 monthly cash transfer.
A statement by Akande disclosed that a total of N60 billion
would be directly transferred to one million extremely poor
Nigerians in accordance to President Muhammadu
Buhari’s vision of building human capital.
The payment which is to commence once the budget is
approved by the National Assembly, is in addition to
another five social interventions that include the provision
of one meal a day to school pupils in some selected
states.
He revealed that other elements of the social intervention
scheme, include the 500,000 direct jobs, which will see
unemployed graduates being trained and deployed as
volunteer teachers in their communities.
According to Akande, the current government is putting
together a youth employment plan which will see the
training of 370,000 non-graduates youths in different skills
and vocational programmes.
Akande said, “The recruitment of beneficiaries into the
volunteer teaching jobs and the skill acquisition training
scheme for non-graduates would be done on state basis,
including the FCT and opened to all Nigerians of different
shades.”
He also disclosed that one million Nigerians, mostly small
scale traders, artisans and market women, through micro
finance would get a one-time soft loan of N60,000 each
through the Bank of Industry.
Akande also revealed that the current administration plans
to pay tuition fee for 100,000 students of Science,
Technology, Engineering and Mathematics, STEM.