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Nigeria's Vice President Yemi Osinbajo

FG Provides N38bn Loan To 2.4 Million Traders, Farmers

OLuwasina Phillip

The Federal Government has provided the sum of N38bn to 2.4 million traders and farmers under the Social Investment Programmes.

Vice President Yemi Osinbajo gave the figures at the official launch of the ‘Review of Baseline Report and Realignment of the National Statistical System with SDGs, 2020.’

The Vice President said that one of the objectives of the programme was to accelerate the attainment of the Sustainable Development Goals in the country.

Osinbajo added that the Federal Government’s national development objective is also in line with SDGs, noting that the FG would continue to ramp up efforts to reduce poverty, provide jobs for Nigerians, create wealth, and address climate change.

He described the SIPs as a multi-pronged approach to wealth creation, human capacity development, and poverty alleviation.

The VP also stressed that “the Conditional Cash Transfer component of the programme reaches approximately 8.9 million poor and vulnerable households and 37.7 million individuals across the country.”

He added that the government’s youth employment and skills enhancement initiative, N-Power Programme, was designed to employ one million youths between the ages of 18-35 and to further equip them with skills for the job market over a two-year period.

The Vice President said, “One of the areas of marked improvement in this document is the increased range of reporting–from the 126 indicators recorded in the 2016 Baseline Report, to the 141 indicators in the current 2020 Report.”

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