Federal Govt cuts down on Social Investment Programmes proposed 2020 budget

Shocking,as the Federal Government slashes allocation to its Social Investment Programmes (SIPs) by a massive 94 per cent in the proposed 2020 budget.

This was made known as the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development led by Sadiya farouq had its budget defense with the Nigeria Senate yesterday.

In each of the previous three budget cycles, the programmes were allocated N500 billion. If these have been accurate, what will the N30 billion allocated to them in the 2020 budget proposal do?

For over three years, the NSIP has been the largest social protection programme in Nigeria’s history. A massive empowerment programme designed to meet the needs of poor and vulnerable Nigerians and they expect the government to strengthen and expand the roll out of the programmes given the increasing level of poverty in the country. It is therefore surprising that the government is cutting back drastically on allocation to the programmes. Does it suggests its gradual abandonment?

Recently it was announced that the Nigerian government is working on how to “disengage” over 200,000 beneficiaries of the government social intervention programme dubbed N-Power. We may want to suggest this might be one of the reason the government has drastically reduce its allocations,but we may be wrong.

Originally posted 2022-08-29 19:25:55.