In a recent statement, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, has declared that the administration of President Muhammadu Buhari has improved the lives of many Nigerians. Shehu stated that the administration has implemented various programs aimed at empowering Nigerians, particularly the poor and vulnerable.
In his own words, he said “Two million poor and vulnerable Nigerian households that are currently benefiting from the Conditional Cash Transfer (CCT) programme, which pays a bimonthly stipend of N10,000 per household; the 355,000 vulnerable persons have received a special one-off grant of N20,000 each in the 36 states and the FCT; the beneficiaries of Nigeria’s micro-pension scheme which allows self-employed persons and persons working in organisations with less than 3 employees to save for the provision of pension at retirement or incapacitation.”
Furthermore, the micro-pension scheme introduced by the administration allows self-employed individuals and those working in organizations with fewer than three employees to save for their pension at retirement or incapacitation. This initiative seeks to address the challenge of pension provision for the informal sector, which constitutes a significant portion of the Nigerian workforce. Overall, the Buhari administration's efforts to improve the lives of Nigerians through various initiatives are commendable, and the impact of these programs on poverty reduction and social inclusion cannot be overemphasized.
Source: Daily Trust
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