Last updated on October 13th, 2019 at 08:48 am
The sum of N30 billion has been proposed for the N-Power scheme and other programmes under the Social Investment Programme by President Muhammadu Buhari as he presented the 2020 appropriation bill before the National Assembly on Tuesday, October 8, 2019 in Abuja.
With a total expenditure of N10.73 trillion, N30 billion will be channelled into the SIP for 2020. The government said Nigeria is targetting a revenue of N8.155 trillion.
N-SIP houses four programmes, they include:
- N-Power which currently have 526,000 beneficiaries, graduates and non-graduates
- National Home Grown School Feeding Programme (NHGSFP) which has fed 9,817,568 school children.
- Conditional Cash Transfer (CCT) which has 394,430 beneficiaries
- Government Enterprise and Empowerment Programme which houses TraderMoni, MarketMoni etc, it has 2,136,911 beneficiaries
Households in the National Social Register with 1,132,675 beneficiaries at the time of this report.
NSIP is a social security agency created in 2015 by the APC-led Federal Government of Nigeria to manage social investment programmes within Nigeria.
Important aspects of the 2020 budget proposal below:
- Debt servicing: N2.45trn, out of which local debts would take N296bn, with N426.6bn set as overhead Capital projects: N2.46 trillion.
- National Assembly: N125 billion
- Judiciary: N110bn
- National Human Rights Council (NHRC): 2.5bn
- Constituency projects: N100 billion.
- North-East Development Commission: N37.8bn
- basic healthcare provision fund: N44.5bn
- Works & Housing – N262bn
- Transportation: N123bn
- UBEC: N112bn
- Defence: N100bn
- Agriculture: N83 bn
- Water: N82bn
- Niger Delta: N81bn
- Education: N48bn
- Health: N46bn
- Presidential amnesty programme: N55bn
- SIP: N30bn
- FCT: N28bn
- Universal Basic Education Commission (UBEC): N112bn
- NDDC: N80.8bn
Is N-Power 2016 batch part of 2020 budget?
With the transition programme being planned by the APC-led government, we want to belive that N-Power batch 2016 beneficiaries are included in the 2020 budget. The implementation of the transition programme will gulp several billions of Naira.
However, by our calculation, the monthly salary of the 2016 batch alone amount to over N70 billion in 2020, unless there is another source of financing the initiative.
Buhari said, “MDAs are not allowed to admit new projects into their provisions unless adequate provisions are made for the completion of ongoing projects.”
Meanwhile, Buhari has barred all ministers from embarking on foreign trips until they are done with the defence of their budget.