2016 budget will deal with issues of poverty – Osinbajo


Prof Yemi Osinbajo, Vice President of Nigeria
Nigeria’s vice president, Prof Yemi Osinbajo has stated categorically that there are specific provisions in the 2016 budget presented to the national asssembly by President Muhammadu Buhari that will confront poverty in the country in a bold and direct way.
“We are dealing with the issues of poverty with the 2016 Budget that is currently being debated,” the Vice President said, noting that, in a country where more than 110 million Nigerians are extremely poor, we are bound to have such health challenges as having about 110,000 deaths yearly from Diarrhea.
All together there are six social protection programmes of the Buhari administration for which funds have been allocated in the 2016 budget. These are Teach Nigeria, where 500,000 graduates would be hired as teachers, Youth Employment and Empowerment-where between 300,000-500,000 youths would go through skills acquisition and vocational training, the Conditional Cash Transfer, where one million extremely poor Nigerians will receive N5000 monthly this year, Homegrown School Feeding where one meal a day would be served to public primary school children across the country, Free Education for tertiary education 100,000 students of Science, Technology, Engineering and Mathematics and the Micro-Credit Scheme that will give N60,000 one time soft loans to market women, and artisans.
The Vice President spoke during a courtesy visit by a delegation of Reckitt Benckiser West Africa, a household care products’ company lead by its West Africa Managing Director, Mr. Rahul Murgai and the Chairman in Nigeria, Chief Olu Falomo. The company had earlier discussed with the VP its Safe the Children Initiative, a Corporate Social Responsibility programme designed to curb the deaths of Nigerian children caused by Diarrhea.
While welcoming the initiative, Prof. Osinbajo explained that a lot has to be done in the country to confront poverty and its impacts on Nigerians.
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Source:: PM Newspaper