Npower News: President Bola Ahmed Tinubu To Resume Npower, Conditional Cash Transfer And Other Social Investment Programmes

According to Npower News, President Bola Ahmed Tinubu has announced that his administration will be resuming the suspended condition cash transfer scheme.

Minister of finance and coordinating economy, Wale Edun, announced this during a media briefing on President Bola Ahmed Tinubu's one year in office.

According to the Minister of finance and coordinating economy, Wale Edun, the condition cash transfer scheme will provide direct payment to 75 million Nigerians and 50 million households, especially the poor and vulnerable groups.

President Bola Ahmed Tinubu's administration is set to put smiles on the faces of vulnerable Nigerians. To celebrate one year in office, the federal government announced the reinstatement of the suspended social investment programme which includes Npower, the conditional cash transfer, Government Enterprise And Empowerment Program (GEEP) and the National Homegrown School Feeding Programme.

According to Npower News, Wale Edun, the minister of finance and coordinating economy, announced the development at a ministerial briefing designed to mark President Bola Ahmed Tinubu's first year in office.

Beneficiaries of Npower would recall that on June 12, 2023, President Bola Ahmed Tinubu suspended Npower and other National Social Investment Programmes under the National Social Investment Programme Agency for 6 weeks to allow investigation into allegations of misappropriation of public funds levelled against Ms. Halima Shehu the former head of the National Social Investment Programmes Agency. The minister for humanitarian affairs and poverty alleviation, Betta Edu, was also suspended by President Bola Ahmed Tinubu on January 8, 2024. Betta Edu was suspended because of allegations linking her to misappropriation of public funds.

The National Social Investment Programmes, which includes the home-grown school feeding program, Npower, and the government enterprise and empowerment programme, was affected by the suspension.

Nonetheless, on March 13, 2024, the House of Representatives directed the federal government to resume the social investment programmes which includes Npower.

In reviving the national social investment programmes, President Bola Ahmed Tinubu approved the establishment of a special presidential panel presided by Wale Edun to review and audit the social investment programmes' financial framework and policy guidelines.

In an update on the development, the minister of finance and coordinating economy, Wale Edun, revealed that the federal government had decided to resume the National Social Investment Programmes which includes Npower in order to help poor Nigerians especially during this period of economic hardship.

Source: https://www.legit.ng/politics/1594659-jubilation-tinubu-announces-1-year-office-gift/