N-Power NSIP Trust Fund Bill Passed Second Reading In Plenary

In today’s Npower updated news – We will be looking at the NSIP Trust Fund Bill, which has been on the table of the House Of Representative. See how to apply for N-Power GEEP loan.

A bill requesting for the establishment of a National Social Investment Trust Fund (NSITF) has been presented before the house of representatives, and has succeeded in passing the second reading. Check out Npower e-screening for 2021 Batch C applicants ongoing.

The said bill was looked into, as delibrations was made at the plenary session on Tuesday. It was sponsored by taelve (12) lawmakers during the sitting.

In inclusion of the initiatives covered by the proposed fund are;

  • Npower, Government Enterprise and Empowerment Programme (GEEP),
  • Conditional Cash Transfer (CCT), and
  • Homegrown school feeding program.
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The above mentioned programmes were set-up by the Buhari administration, under NSIP to override unemployment, and poverty in the country.

The current bill demands the establishment of a trust fund “with an active management team, and effective governing board that will co-ordinate/administer the implementation of the social investment programmes.’

The lead sponsor Hon. Mansur Soro who hails from Bauchi state, said bringing the bill into reality will bring about a legal body framework that’ll enhance the efficiency of the programmes.

Basically, the programmes are aimed at limiting unbearable economic discomfort, and social condition which are largely induced by unemployment among youths with resultant poverty,” he said.

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Despite their significance as sources of human capital development and empowerment, there seems to be non-existing institutional body with legal backup to coordinate the activities of the different programs.

Normally, the lack of such has greatly affected the establishment purpose, which includes; the capacity to deliver the original mandate on time, and transformation of expected beneficiaries lives.

He went on to explain that the proposed bill will address the “looming gap’ in the social investment programs, and also help to “guarantee their sustainability” beyond the current administration.

Among the advantages of the bill is that It’ll ensure equity, justice, and fairness in the disbursement and distribution of benefits among expected beneficiaries undermining their Religion, sex, geographical location, ethnic and, tribe.

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Updated: May 8, 2021 — 12:51 pm

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