FG Votes N500bn For Unemployed Graduates, School Feeding ~ Welcome to Obinna Onyenali's Blog Welcome to Obinna Onyenali's Blog: FG Votes N500bn For Unemployed Graduates, School Feeding

Wednesday, December 9, 2015

FG Votes N500bn For Unemployed Graduates, School Feeding

Reports had it that President Muhammadu Buhari yesterday sent the Medium Term Expenditure Frame- work (MTEF) and Fiscal Strategy Paper (FSP) to the National Assembly with N500 billion voted to pay unemployed Nigerian graduates and feed school children amongst other social welfare programmes in the N6.07 trillion budget for 2016.

Buhari said “phased” social welfare programmes will be created to cater for a large population of the poorest and most vulnerable Nigerians upon the evidence of children’s enrolment in school and evidence of immunisation.

On the social welfare programme, the president stated in the MTEF/FSP: “The federal government will collaborate with state governments to institute well-structured social welfare intervention programmes such as: school feeding programme initiatives, conditional cash transfer to the most vulnerable, and post-NYSC grant.

“N500 billion has been provisioned in the 2016 budget as social investments for these programmes. These interventions will start as a pilot scheme and we’ll work towards securing the support of donor agencies and our development partners in order to minimize potential risks.”

According to Buhari, “Job creation and social inclusion are key to the administration’s development programme, as a means to reducing the rates of unemployment, poverty and inequality.”

Buhari stated that, next year, federal government ministries, department and agencies (MDAs) will be pruned. He ruled out the possibility of salary increase for civil servants in 2016.

“Government will, in the near-to-medium-term, continue to prune the size of the federal government and its MDAs to more efficient levels without compromising efficiency and effectiveness. Over the medium-term, however, Government will revisit the need to rationalise the agencies of Government and strategically implement relevant provisions.

“In spite of deliberate efforts at curtailing the growth of the federal government’s recurrent expenditure profile, rising personnel cost – a major component of recurrent spending – has tended to push it up to crowd out capital expenditure.

“While the IPPIS in a number of MDAs has so far helped to manage this phenomenon, we will immediately extend its implementation to all remaining MDAs so as to reap the full anticipated benefits. The ongoing effort at optimizing the size of government is another step in this respect.

“However, while security exigencies necessitate the employment of more personnel which would have an upward impact on the wage bill, the mounting number of claims for increases in salaries and allowances, including pensions and benefits, will need to be curtailed as part of the efforts at rebalancing the structure of government spending,” the President stated in the MTEF/FSP.

No comments:

Post a Comment