5,000 Naira Stipend: Adesina Asks Nigerians To Ignore Critics

Femi Adesina, 5,000 nairaThe spokesman for President Muhammadu Buhari, Mr Femi Adesina, has asked Nigerians to ignore those who are criticising the 5,000 naira payment to indigent citizens.

Mr Adesina said the payment had commenced in nine states of the federation.

He made the call on Tuesday while briefing reporters after the Federal Executive Council meeting at the Presidential Villa in Abuja, Nigeria’s capital.

The President’s spokesman said the ruling All Progressives Congress was built on integrity and accountability, saying they would not deceive Nigerians.

He asked the populace to choose who to believe between critics and the Federal Government.

The Presidency had on Monday announced that it had commenced the payment of monthly stipends to the poorest and the most vulnerable in Nigeria.

A statement by the Vice President, Professor Yemi Osinbajo, said that under the Conditional Cash Transfer (CCT), one million Nigerians would receive 5,000 Naira monthly payments.

Professor Osinbajo explained that the remuneration would come in form of social safety net for the poorest and most vulnerable as budgeted for in the 2016 Budget.

After the statement by the Vice President was released, reactions poured in from Twitter users, with most of them asking for substantial evidence that payment had started.

See these reactions by clicking the image in the tweet below.

Vice President Osinbajo Explains FG’s Economic Plan  

OsinbajoThe Vice President, Professor Yemi Osinbajo, says the Nigerian Government will keep working and applying necessary measures to improve the economy.

Speaking to Channels Television’s Chamberlain Usoh in an exclusive interview, Prof. Osinbajo said that a special protection programme aimed at addressing unemployment will be implemented.

The government has emphasized the importance of mobilizing domestic revenue to enable significant spending on social investment to the extent that 10% of the budget is going to be used for social protection programmes.

These will include training for 500,000 teachers, micro-credit scheme for 300,000 market women and several other youth empowerment programmes.

“Our youth employment is very crucial. We think that for graduate employment, the direct creation of jobs – the 500,000 teachers – will address some of that concern but for those who are not graduates, we are looking at investing in that also substantially.

“How we intend to do that is by this youth employment scheme,” he said.

Investment in infrastructural development has also been identified as a key component to economic growth and our correspondent sought to know what kind of attention the Federal Government was paying to this.

Prof Osinbajo said, “That’s why we are spending so much money on infrastructure and that’s power. We are going to spend a lot of money on power. If you look at our whole capital spend in this (2016) budget, it is directed at ensuring that we are able to improve the economy significantly.”

With the country’s revenue profile taking a hit because of the dependence on oil, the VP said that one of the critical sectors for Nigeria is the agro-allied value chain which the Buhari administration wants to also improve significantly.

“If you look at rice for example, we are looking at milling and how we can ensure that there is more investment in silos storage and also in milling.

“It is important to us that Agriculture is not a government business and what is crucial is that we create an environment and bring in private partnership.”

Professor Osinbajo also stressed that the cash transfer promised during the campaign of the All Progressives Congress (APC) was meant for the poorest in the society and not for the unemployed people, as popularly believed.

Osinbajo Clears Misconceptions About Promised 5,000 Naira Stipend

Yemi-Osinbajo-Nigeria-Vice-PresidentNigeria’s Vice President, Professor Yemi Osinbajo, says contrary to the misconceptions about the Conditional Cash Transfer, the scheme is well thought out and will cater for thousands of unemployed youths.

In an exclusive interview with Channels Television at the Presidential Villa on Wednesday, Professor Osinbajo stressed that the cash transfer promised during the campaign of the All Progressives Congress was meant for the poorest in the society and not for the unemployed people, as popularly believed.

“There is a bit of misrepresentation of what it is.

“Some people have suggested that we are giving 5,000 Naira to unemployed young people. No!

“What we are doing for young people, graduates and the unemployed is the teachers’ scheme as well as the vocational training,” the Vice President explained.

He stressed that the government was looking at other aspects of social investments that would tackle the youth employment situation in Nigeria.

“Youth employment is very crucial, especially because we know now… with all of the percentages of out of school graduates and undergraduates who have been out of school for a while and have no jobs.

“We think that for graduate employment, a direct creation of jobs and the ‘Teach Nigeria’ scheme that will employ 500,000 teachers, will address some of that concern,” he told Channels Television.

Professor Osinbajo further stated that the government was also looking at addressing the challenges of those who were not graduates.

“We are looking at investing in that also substantially and how we intend to do that is by this youth employment scheme that will involve a lot of training in vocational skills, entrepreneurship, business methods and all of that,” the Vice President stated.