- Post by Admin on sunday, March 05, 2015
The Federal Government has earmarked N66 billion to boost its three social welfare programmes, and another N80 billion for the interest-free loans, Special Adviser to the President, Mrs. Maryam Uwais, has said.
The welfare programmes are the Home Grown School Feeding (HGSF), N-Power, Conditional Cash Transfer (CCT) and the Government Enterprise and Empowerment Programme (GEEP). Mrs. Uwais, who disclosed this to journalists in Calabar, the Cross River State capital, during a retreat at the Tinapa Business Resort Ltd.
He said the N80 billion would soon be appropriated for the loans and would be released by the National Social Investment Office in the Office of the Vice President to registered cooperative societies. She said much of the money had not been released yet and that the Bank of Industry (BoI) had been asked to administer it for easy recovery of any due loan from defaulters.
Photo Caption: Special Adviser to the President, Mrs. Maryam Uwais,