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Npower, NSIP Trust Fund Bill Passed 2nd Reading At The House Of Reps
bill seeking to establish a national social investment trust fund has passed second reading at the house of representatives. The bill considered at Tuesday’s plenary session was sponsored by 12 lawmakers.
Among the initiatives covered under the proposed fund include N-Power, conditional cash transfer (CCT), homegrown school feeding as well as government enterprise and empowerment programme (GEEP).
The Federal Government has announced plans to expand the N-Power Program from the present 500,000 beneficiaries to one million.
This is to ensure job creation and poverty alleviation through Safety Net Programmes to cushion the effects of the Covid-19 pandemic.
What President Muhammadu Buhari said about Npower Beneficiaries
Buhari in his statement said, “We also have put in place some socio-economic policies, which also include Conditional Cash Transfer for the vulnerable poor from 2.6 million households (13 million persons) to 7.6 million households (about 32 million persons).
COVID-19 Rapid Response Register (RRR) for urban Poor, which now has 4.8 million households (20 million persons) which also include urban poor/working class.