N5,000 monthly stipend to cost Nigeria about $300million annually – Presidency refuses to state how funding would be sourced
Vice President Yemi Osinbajo has revealed that the federal government will pay poor and unemployed Nigerians about N5,000 every month.
The monthly pay for the poor and unemployed Nigerians had generated a lot of issues among Nigerians who thought the presidency had been dishonest with the promise to the Nigerian populace.
But, in a statement issued by Professor Osinbanjo on Thursday, April 7, the Nigerian government plans to make cash payments to poor people as a way of easing poverty and to stimulate the economy.
According to Reuters, Osinbajo said: “One million poor and vulnerable Nigerians would receive 5,000 naira ($25) monthly,” adding that the plan (which is part of the country’s priorities for the next 12 months) would cost a total of about $300 million per annum.
According to the statement, the Nigerian government will employ 500,000 graduates as voluntary teachers before they get employment in their chosen careers, refusing however, to state how these benefits would
be funded. Osinbajo stated instead that there’s a part of the N6.06 trillion record budget for 2016
which parliament passed last month, waiting for President Buhari’s signature.
Meanwhile, Dayo Saka-Fafunmi, a lawmaker in the Lagos state House of Assembly has said that the economic situation and the falling price of crude oil is the reason President Buhari cannot pay the N5, 000 he
promised unemployed youths.
In a recent interview with NAIJ.com, the lawmaker representing Ifako-Ijaye consistency 1 applauded the president for coming out to tell Nigerians the truth.
Vice President Yemi Osinbajo has revealed that the federal government will pay poor and unemployed Nigerians about N5,000 every month.
The monthly pay for the poor and unemployed Nigerians had generated a lot of issues among Nigerians who thought the presidency had been dishonest with the promise to the Nigerian populace.
But, in a statement issued by Professor Osinbanjo on Thursday, April 7, the Nigerian government plans to make cash payments to poor people as a way of easing poverty and to stimulate the economy.
According to Reuters, Osinbajo said: “One million poor and vulnerable Nigerians would receive 5,000 naira ($25) monthly,” adding that the plan (which is part of the country’s priorities for the next 12 months) would cost a total of about $300 million per annum.
According to the statement, the Nigerian government will employ 500,000 graduates as voluntary teachers before they get employment in their chosen careers, refusing however, to state how these benefits would
be funded. Osinbajo stated instead that there’s a part of the N6.06 trillion record budget for 2016
which parliament passed last month, waiting for President Buhari’s signature.
Meanwhile, Dayo Saka-Fafunmi, a lawmaker in the Lagos state House of Assembly has said that the economic situation and the falling price of crude oil is the reason President Buhari cannot pay the N5, 000 he
promised unemployed youths.
In a recent interview with NAIJ.com, the lawmaker representing Ifako-Ijaye consistency 1 applauded the president for coming out to tell Nigerians the truth.
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