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Tinubu Approves N32.7 Billion for Social Investment Programmes, Targets 70 Million Nigerians

President Bola Tinubu has approved N32.7 billion for the National Social Investment Programme (NSIP) to support vulnerable groups across Nigeria, focusing on women and youth.

Nentawe Yilwata, Minister of Humanitarian Affairs and Poverty Alleviation, made the announcement on Friday in Makurdi, Benue State, during the launch of a state action plan for internally displaced persons (IDPs).

The approval comes after the suspension of NSIP programmes in January 2024, amid allegations of mismanagement. Following pressure from the House of Representatives, the programme’s accounts were unfrozen in December 2024.

Key highlights of the initiative include:

  • Non-collateral, interest-free loans: Vulnerable Nigerians can access loans ranging from N300,000 to N400,000 through cooperative societies.
  • N-Power restructuring: The programme will now focus on linking youths to markets and the private sector, with over 100,000 empowerment items already procured.
  • Conditional cash transfer: A large-scale programme will provide N75,000 to 15 million households, reaching an estimated 70 million Nigerians.

Yilwata emphasized that the initiatives align with Tinubu’s renewed hope agenda to uplift Nigeria’s most vulnerable populations.

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