Tuesday, February 9, 2016

Buhari Reveals How The #5,000 Monthly Stipend Will Be Paid To Nigerian Youths

According to a statement released by Laolu Akande, the Senior Special Adviser to the NigerianVice President Yemi Osinbanjo over the weekend,

"The recruitment of beneficiaries into the volunteer teaching jobs and the skill acquisition training scheme for non-graduates would be done on state basis, including the FCT and opened to all Nigerians of different shades''

''In the same vein, a micro credit scheme where one million Nigerians, mostly small scale traders, artisans and market women, would get a one-time soft loan of N60,000 each through the Bank of Industry, is being introduced as well as the free education plan for students of Science, Technology, Engineering and Mathematics, STEM, where government will pay tuition for 100,000 students.''

"Even economic historians now say that not only is the half a trillion Naira vote unprecedented, but it is also the greatest service ever done to the Nigerian state and people by any federal government administration."

"The President’s vision is to increase investments in human capital to guarantee security for all, employment and improved well-being of the people."
His statement further revealed that the monthly stipend policy, otherwise called the Conditional Cash Transfer (CCT) would be paid directly to the beneficiaries through a payment system that is being worked out.
 
The World Bank and the Bill Gates Foundation were reportedly collaborating with the presidency to develop an efficient payment system

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