FG To Increase N-Power Beneficiaries, Expand Cash Transfer Register

FG To Increase N-Power Beneficiaries, Expand Cash Transfer Register

President Muhammadu Buhari has announced plans to double the beneficiaries of the N-Power programme from 500,000 to one million.

In a message to commemorate the workers’ day celebration on Saturday, Buhari is also seeking to expand the number of those benefitting from the conditional cash transfer programme to 32 million, from the present 13 million.

According to NAN, he stated that the expansion of the N-Power programme would ensure job creation and poverty alleviation that would in turn cushion the effects of the COVID-19 pandemic on Nigerians.

“We also have put in place some socio-economic policies, which also include Conditional Cash Transfer for the vulnerable poor from 2.6 million households (13 million persons) to 7.6 million households (about 32 million persons),” Buhari said.

“COVID-19 Rapid Response Register (RRR) for urban Poor, which now has 4.8 million households (20 million persons) which also include urban poor/working class.

“Also, through the Federal Ministry of Industry, Trade and Investment, there is the Entrepreneur Support Programme and, this even includes the vulnerable workers amongst the urban poor.

“We also have the Artisan Support Fund, Payroll Support Fund for small scale businesses, Business Formalisation aimed at encouraging micro, small and medium enterprises by offering free registration for upcoming businesses by the Corporate Affairs Commission.

“There is also Guaranteed Off-take Stimulus Scheme for Small Medium Enterprises for producers of hygienic products and packaged food to encourage entrepreneurship and industries.”

The president added that in securing jobs, the government was promoting social protection and people’s welfare.

“We also know that social protection gives you peace of mind and hope for a better future.”

Source: Naija News

Source: Naija News

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