FG Plans to Spend N400 billion on NPower, Tradermoni, others in 2021

The Federal Government of Nigeria, through the ministry of humanitarian affairs, has proposed to spend N400 billion on its social investment programmes (NSIP) such as N-power, Tradermoni, etc.

According to a document submitted to the National Assembly by its joint committees on poverty alleviation, it comprises a total recurrent expenditure of N350 billion and N50 billion for capital spendings.

The document indicated that the proposed recurrent expenditure for next year would remain unchanged, while the estimate for personnel cost was increased by 2.31 per cent, from N166.3 billion in 2020 to N170.1 billion in 2021.

The reason is “because of (an) increase in the number of NPOWER (NTEACH Hub) beneficiaries from 400,000 to 450,000”.

More than half of the total proposal for recurrent expenditure (that is 52.6 per cent) would be used for the implementation of programme components of the Job Creation Unit (JCU), including NPower and Innovation Hubs.

This means that N-power and its affiliate subprogrammes on job creation for the enrolment of 450,000 N-Power volunteers and training and mentoring of 54,000 non-graduate beneficiaries would cost about N200.3 billion.

Also, the ministry penned N145 billion for the Home-Grown School Feeding (NHGSFP), which is to feed 9.86 million children, de-worm 7 million children and recount the pupils.

Likewise, N35.8 billion has been billed to be expended on the GEEP – comprising marketmoni, tradermoni and farmermoni – for recurrent costs and capital spendings, which includes loan funds and the “programme’s setup and technology.”

The GEEP offers soft loans to local farmers and traders, and next year, a total of 1.66 million beneficiaries are intended to be captured in the programme’s net.

Meanwhile, for the Conditional Cash Transfer (NCTO and NASSCO), about N10 billion was pencilled for purchasing field kits, biometric capturing and the implementation of the National Social Safety Net Coordinating Office National Social Register (NSR) for the poor and vulnerable.

This proposed amount is meant for cash transfer to 205,000 rural women, 1,800 IDPs in camps and 50,000 parents of out-of-school children.

Other propositions

In other planned spending for next year, the ministry would spend N1.83 billion on “monitoring and evaluation devices, consultancies and interactive dashboard.”

Other proposed spendings include N1.6 billion for communications, multimedia equipment and vehicles; and N1.7 billion for office setup, equipment and vehicles.

The remaining fraction of the programme’s proposed budget would go into the “development of SIP Management Information System (NASIMS), Project Raise Application Software, Community Infrastructure Project Solar Kiosks and ICT operational support equipment/vehicles for the implementation.”

Source: premium time

2 thoughts on “FG Plans to Spend N400 billion on NPower, Tradermoni, others in 2021”

  1. Good morning sir, please when is the date of registration for those that have not registered. Will it be next year?

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top