The Federal Government yesterday, disclosed that the earlier appropriated N500 billion poverty alleviation fund would be scaled down as the nation continues to groan and grind under recession.
The Special Adviser to President on Social Investments, Maryam Uwais, explained that in view of the present economic challenge at the moment prompted the decision to scale down the fund.
Uwais who stated this at the Civil Society Information Dissemination On Monitoring Federal Government Social Protection Programme, SPP, on SDGs said it became necessary as revenue generation has dwindled as well compared to when the programme started.
However, she did not mention the amount that would be used to fund the programme, rather said it will be determined by the Ministry of Finance.
She said: “We have budgetary constrain so we have to scale down the fund and this depends on what the Ministry of Finance gives us but clearly the government is not getting the revenue it expects to get.
“Although money was yet to be released for the program but we have being developing framework for the implementation of the project. The cash transfer program was about to start in nine states of the federation as they are about compiling the register of poor people in the states.
“Therefore, we will have to scale down because there are disbursement, it depends on Ministry of Finance, whatever they give us is what we will use but clearly government is not getting the revenue it expected to get.”
Companies Dey Sack Workers, Banks Dey force their workers to take pay cut, Poverty dey increase for Naija, yet government dey reduce thet poverty alleviation fund. smh.
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