FG Commits N500bn To eradicate Poverty

Osinbajo featured at the question and answer session of the 58th
Annual General Conference of the Nigerian Bar Association (NBA)
on Tuesday at the International Conference Centre, Abuja.
The theme of with the theme of the four-day conference is
“Transition, Transformation and Sustainable Institutions”
He said that it was in recognition of the menace of poverty that the
Federal Government rolled out the National Social Investment
Programmes (NSIP) aimed at improving capacity and alleviating
poverty.
“We started off in 2016 looking at a budget that was crafted
differently; all along if you look at the way we have approached
economic policies, it has always been the case of top-down
approach.
“So, we look at how to improve industry; how to improve
manufacturing; we look at how to give loans to Micro Small and
Medium Enterprises(MSMEs).
“The approach we adopted in 2016 was first to create to create a
safety net; so we, for the first time, we put in the budget a line for
is called NSIP; that is N500 billion for NSIP and that is the largest
of its kind in the history of the country.

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