Abujacitynews has learnt that the Federal Government plans to capture the funding of the N5000 monthly allowance for 25 million vulnerable Nigerians and feeding program for school children in the 2016 budget.
According to the Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, details of the financial arrangements for the programs will be contained in the 2016 budget.
“Let us just wait for the 2016 budget. I am sure that all the details will be available in that budget,” he said.
In a statement issued by its former spokesman, Lai Mohammed, the ruling All Progressives Congress, APC had attributed the non implementation of the programs so far to the fact that they were not captured in the 2015 budget which was prepared by the Goodluck Jonathan administration.
“Now, the Buhari administration has been busy putting in place measures that will make it possible to start the implementation of this project. Such measures include the introduction of the Treasury Single Account.“
We are happy to inform Nigerians that as of the end of September 2015, over N1.4tn – which hitherto was lying unproductively in various commercial banks – has been recovered and paid into the TSA,” he said.
He also pointed out the need to block all avenues of financial leakage before the implementation of the programs.
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