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Friday, May 24, 2019

$22m Abacha loot spent on SIP - Presidency

The  Federal Government got N470.8 billion released between 2016 and last year for the implementation of its Social Investment Programmes (SIPs), the Special Adviser to the President on Social Investment Programmes (SIPs), Mrs. Maryam Uwais, said yesterday.

She listed four-broad programmes as the N-Power, Conditional Cash Transfers (CCT), National Home-Grown School Feeding and Government Enterprise and Empowerment Programmes (GEEP)

Mrs. Uwais briefed State House reporters in after giving an account of the National Social Investment Programme (NSIP) of the President Muhammadu Buhari administration.

The special adviser, who said that from 2016 till date, the Federal Government budgets annually N500 billion for social investments, explained only N79.98 billion was released in 2016.


She said the N140 billion was released in 2017 and N250.4 billion last year.

She also revealed that out of the N322 million dollars recovered Abacha loot meant for the SIPs, only N22 million dollars had been utilised by her office.

Mrs. Uwais said that at the end of March, the NSIPs had made direct impacts on 12,069,153 beneficiaries and over 30 million secondary beneficiaries, comprising cooks, farmers, families, employees and members of the community.

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