We Have Spent $76.5 Million To Lift Nigerians Out Of Poverty – Buhari ‘Swears To Allah’ With Evidence

By Post-Nigeria: October 22, 2019 16:37

We Have Spent $76.5 Million To Lift Nigerians Out Of Poverty – Buhari ‘Swears To Allah’ With Evidence

The Nigerian Government led by President Muhammadu Buhari, has said that it is judiciously using the recovered ‘Abacha loot’ and World Bank credit, to address the plight of poor and vulnerable Nigerians.
Special Adviser to President Muhammadu Buhari on Social Investments, Maryam Uwais, stated that $76,538,530 million from the loot has been disbursed for the transformation of lives of poor Nigerians under the National Social Investment Programme, N-SIP.
Speaking at a public function in Rivers State, Uwais said that between August and September 2018, and September and October payment 2019, the total cumulative amount disbursed from the Abacha loot was $76,538,530, and $27,099,028 from the International Development Association, IDA, credit.
During a two-day Experts training and advocacy on the tracing and recovery of illicit funds and assets, Uwais said: “The funds are specifically being disbursed to beneficiaries of the national cash transfer programme (a component of the National Social Investment Programme, N-SIP.
“The gesture is positively changing the fortunes of many Nigerians who find themselves below the poverty line, based on the data collated in the communities, and hosted on the national social register.”

According to her, the decision to distribute the Abacha loot and IDA funds to poor and vulnerable citizens, was reached by the Swiss government, the World Bank and the Federal Government.
She added that this was meant to ensure that the funds were well utilised and not diverted to private pockets, as was the case in the past.
“In December 2014, a Swiss Judge gave a forfeiture order to the effect that monies ($322.5 million) recovered from the family of late General Sani Abacha, would be returned to Nigeria.

“One of the conditions being that, the World Bank would be involved in monitoring disbursements there from”, she said, adding that, the needs of the people should be taken into consideration, in the efforts to tackle poverty in the country.
Uwais noted that there was need for the people to be carried along, in the formulation and implementation of poverty alleviation policies and programmes, for greater impact and appreciation of such efforts.

She listed the key achievements of the Cash Transfer Programme, funded with the Abacha loot and IDA loan facility, to include enrollment and payment of 620,947 beneficiaries across 29 States.
“N567,429,471.30 saved by beneficiaries in 17 States from their monthly N5,000 stipends, and 3,695 trained to support beneficiaries.”

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