1m Poor Nigerians o receive N5,000 monthly; 1m traders to get loans without collateral: Presidency

By The Rainbow

The presidency has reaffirmed the administration’s commitment to implement some of the social welfare schemes promised by the ruling All Progressives Congress during the last electioneering campaign. It said that  one million poverty-stricken Nigerians will be given N5,000 every month for sustenance and that one million traders would be advanced loans without collateral.

The administration had sent out varying signals on these welfare schemes, even at a point denying making such promises during election campaigns.

In obvious response to the growing criticisms on the administration’s poor records close to one full year in office, the senior special assistant to the president on media, Garba Shehu, who made the presidency’s positions known in a statement on Sunday, urged Nigerians to bear with the administration that the much-vaunted change agenda is taking time to manifest.

He however roundly rejected the the insinuations that poverty and lack are products of the change mantra, describing such claim as opposition criticism that erroneous and misplaced.

According to Shehu,  the president understands the pain and the cries of the citizens of this country and that he is having sleepless nights on how to make their lives better.

, “Contrary to assertions by a faction of the opposition Conference of Nigerian Political Parties (CNPP), the president's energy and focus are on changing the life of Nigerians, with a view to making it better than he met it,” he said.

“For example, one million poor and vulnerable Nigerians will soon receive monthly payments of N5,000 to allow them live decently,” he said, noting that the programme was designed to recognize the need for ordinary, poor Nigerians to also benefit from the resources of the country.

“President Buhari believes that the resources of our country should be spent also on the vast majority of our people who are poor and vulnerable, and not squandered by government officials or the elite.”

Shehu said the  social investment plan is already provided for in the 2016 Budget and that the World Bank had begun conducting a social register on poor and vulnerable people in Nigeria in the four poorest communities in the four poorest local government areas.

He said, “About seven to eight states have been completed already. Now the Presidency is working with the World Bank and the Bill Gates Foundation on how to identify the people to be paid the N5,000 and how they will be paid.

“This is the first time that the federal government of this country will be spending this much on social welfare for poor, bearing in mind that the money will go directly to the beneficiaries.”

Another programme that is included in the 2016 budget and also targeted at the poor is the provision of soft loans to one million traders, market men, artisans and so on.

According to the presidential spokesman, “these are not the kind of loans that require collaterals that the people can't afford or provide. No. The loans will come through the Bank of Industry, but this has also been included in the budget.

“In addition to all these, 500,000 unemployed graduates will be directly employed as volunteer teachers but paid by the FG to teach in their communities while they search for better jobs in their areas of expertise. 370,000 unemployed youths will also be trained in skills acquisition and paid while doing so.

“These are just some aspects of the change that Nigerians voted for, a change that is happening and which will soon be felt by Nigerians in every nook and cranny of our country”.

Shehu assured Nigerians that better days are ahead, saying that Nigerians are noted for our inner strength and ability to triumph in the times of adversity.

He said, “These are just the darkest days before the dawn. The change Nigerians voted has indeed begun. Change is a process. Change does not happen overnight. Change can be inconvenient. Change sometimes comes with pain. Over the past year, the government has been working night and day to deliver on its promise of change to Nigerians, and the painful process is still ongoing. ”

The presidency however asserted that the devastation of the economy was caused by the Boko Haram insurgency, corruption and the lack of planning by the past administrations, adding that the difficulties of the moment should not be blamed on the Change Agenda of the Muhammadu Buhari administration.

“This is work in progress. As life gradually returns to normal in much of the country and the northeast in particular, agriculture will resume and traders from neighbouring African countries will once again feel safe to do business with us – yet another boost for our economy.”

He also disclosed that President Buhari had ordered the release of 10,000 tons of grains from the national strategic grains reserves for national distribution to counter food price increases and the intolerably high exploitation of common people by the trader class.

According to him, the president has also directed the minister of agriculture to ensure that all the able-bodied men and women in IDP camps be assisted to return to farming immediately.

Shehu's assertions came on the heels of calls for government measures to ease the hardship associated with food inflation.

He said, “But it is only when we appreciate where we are coming that we will grasp the full meaning and essence of what the ongoing journey entails.

“It is estimated, for instance, that three northeast states of Nigeria alone have so far lost about three trillion Naira ($9bn) to the Boko Haram insurgency. The previous administration at the centre said federal government's losses amounted to about $18 billion.

“It would have been a miracle for our country's economy to not feel the effects of this. And, in addition to the thousands of lives lost to the insurgency, thousands have also lost their means of livelihood. The northeast region of Nigeria is a mostly agrarian society, which means Nigeria has lost billions of naira in agricultural produce.

“Many communities, which have had their yearly planting and harvesting cycle disrupted by Boko Haram attacks or occupation, are yet to return to their farms. In many of these communities, there has not been planting and consequent harvest for between two to five years.

“At the time the Buhari government came to power, about N600 billion was owed to fuel marketers in subsidy payments. Strategic fuel reserves were depleted and local refineries were not functioning.”

According to him, one of the president's first steps was to pay off the marketers, leaving an outstanding of about N150 billion which is captured in the 2016 budget.

He mentioned other ongoing efforts to turn things around for the masses: “The Port Harcourt and Kaduna refineries are being brought back to life. In a matter of time, Nigeria will resume refining its own fuel rather than depending on imports. As part of the permanent solution of recurring cycle of petroleum products shortages, government is working on a plan to ensure that some of the newly-licensed independent refineries start coming on stream from 2018.

“Government is also turning its attention to the sabotage of the oil and gas infrastructure that has taken so much away from the generation and distribution of electricity.”