Fg disburses n80bn social investment programmes 2016

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FG disburses N80bn social investment programmes in 2016:

In 2016, the Federal Government of Nigeria disbursed N80 billion (approximately $220 million USD) for various social investment programmes aimed at improving the lives of Nigerians. These programmes were designed to address poverty, inequality, and unemployment, among other social issues.

Some of the key social investment programmes that received funding in 2016 include:

  1. Conditional Cash Transfer (CCT) Programme: This programme aimed to provide financial assistance to the poorest and most vulnerable households in Nigeria. The programme was designed to help these households meet their basic needs and improve their overall well-being.
  2. National Social Safety Nets Programme (N-SSN): This programme aimed to provide social protection to vulnerable groups, including the poor, the elderly, and people with disabilities. The programme included cash transfers, food assistance, and other forms of support.
  3. Youth Employment in Agriculture Programme (YEAP): This programme aimed to provide employment opportunities for young people in the agricultural sector. The programme included training and capacity-building initiatives, as well as provision of inputs and equipment for small-scale farmers.
  4. National Home-Grown School Feeding Programme (NHGSFP): This programme aimed to provide nutritious meals to school children, while also promoting local food production and supporting small-scale farmers.
  5. Micro, Small and Medium Enterprises (MSME) Development Fund: This programme aimed to provide financial support to small-scale entrepreneurs and businesses, with a focus on women and youth.

These social investment programmes were implemented by various government agencies, including the Ministry of Budget and National Planning, the Ministry of Humanitarian Affairs, Disaster Management and Social Development, and the National Social Safety Nets Programme (N-SSN).

Overall, the disbursement of N80 billion for social investment programmes in 2016 was a significant step towards addressing some of the social and economic challenges facing Nigeria, and towards promoting sustainable development and poverty reduction in the country.