The federal government, via the Ministry of Finance, has announced the commencement of a second round of payments to approximately one million participants in its cash-based Social Investment Programme (SIP)

The federal government, via the Ministry of Finance, has announced the commencement of a second round of payments to approximately one million participants in its cash-based Social Investment Programme (SIP). However, no specific details were provided regarding the beneficiaries, distribution process, or the total amount allocated.

This update was revealed during a session of the Presidential Panel on the Social Investment Programme, chaired by Finance Minister and Coordinating Minister of the Economy, Mr. Olawale Edun. The meeting, which took place at the ministry’s headquarters, focused on reviewing the progress of policies related to President Bola Tinubu’s Renewed Hope agenda.

In a statement from the ministry, it was highlighted that the second disbursement had been made to around one million verified beneficiaries through the Direct Benefit Transfer (DBT) system.

Furthermore, the National Social Safety-Net Coordinating Office (NASSCO) was instructed to work closely with the National Identity Management Company (NIMC) to facilitate the registration of National Identification Numbers (NINs). A new communication strategy aimed at broadening the programme's outreach was also discussed.

The ministry also looked into possible reforms to the school feeding programme, though no further details were disclosed. This initiative has faced issues of corruption and irregularities since its launch under the previous administration.

The minister emphasized the need to properly identify the most vulnerable groups and ensure they receive their benefits promptly and securely via digital platforms. He reiterated the President’s commitment to implementing social investment programmes with transparency and efficiency.