NEC dumps FG’s social investment register for lack of credibility

The National Economic Council (NEC) presided over by Vice President Kashim Shettima, has dumped the National Social Investment Programmes established under Muhammadu Buhari’s administration citing lack of credibility.

The meeting which had in  attendance has in attendance governors of the 36 states of the Federation, the Director General of the Nigerian Governors’ Forum, as well as stakeholders from the World Bank and other agencies of government, dwelt extensively on ways to mitigate the adverse effects of the removal of petroleum subsidy which is at the root of the rising inflation in the country.

The council proposed the implementation of a cash transfer programme for states based on their social registers and a cash reward policy for public servants for six months.

The decision was part of the outcome of the over five hours meeting by members of the council at the state house on Thursday.

The council also considered integrity tests on state social registers, cash transfers would be done via state social registers Subject to State peculiarities.

During the meeting, government officials were urged to reduce the cost of governance in their various spheres.

Recall that the Buhari-led administration had established the National Social Investments Programmes (NSIP) in 2016, to tackle poverty and hunger across the country.

The suite of programmes under the NSIP focuses on ensuring a more equitable distribution of resources to vulnerable populations, including children, youth and women.


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