Thursday, September 3, 2015

#NIGERIA: Cash coming for ‘extremely poor’ Nigerians - VP Osinbajo

Image result for Osinbajo eatingImage result for Osinbajo eating

Critics of the Muhammadu Buhari administration’s anti-poverty battle plan got a reply yesterday.
The government will go ahead with two of its key programmes to fight the scourge.They are:
  • one-meal-a-day for school pupils; and
  • Conditional Cash Transfer (CCT) for 25 million “extremely” poor households.
To benefit from the CCT, there are two conditions. Beneficiaries must be......
vulnerable and fullfil their civic responsibilities. They must participate in polio vacination, school enrolment and support other government programmes.
Vice President Yemi Osinbajo, who spoke on the administration’s plan, said the government would carry out “social sector investment”.
Osinbajo spoke at the 45th Annual Accounting Conference of the Institute of Chartered Accountants of Nigeria (ICAN) in Abuja on “Repositioning Nigeria for Sustainable Development: From Rhetoric to Performance”.
He stated why poverty rate remained high despite rising oil prices, Gross Domestic Product (GDP) and foreign reserves in the last 16 years.
In his view, the main reasons are: corruption, lack of transparency and unstable power supply.

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