Niger Delta Amnesty, North-East programmes to gulp N110 billion in 2017
The Federal Government has budgeted N110 billion for the smooth
implementation of its Presidential Amnesty Program in the Niger Delta
and the rehabilitation of the North East region devastated by the
activities of the Boko Haram insurgency.
President Muhammadu Buhari announced this in the 2017 budget estimates at the National Assembly, Abuja.
He said that the allocation for the Presidential Amnesty Program had been increased to N65 billion in the 2017 budget while N45 billion had been set aside for the rehabilitation of the North East region.
According to him, the amount earmarked for the North East would complement the funds domiciled at the Presidential Committee on the North East Initiative as well as commitments received from the multinational donors.
“Provision has also been made in these estimates for activities that will foster a safe and conducive atmosphere for the pursuit of economic and social activities.
“In this regard, the allocation for the Presidential Amnesty Program has been increased to N65 billion in the 2017 Budget.
“Furthermore, N45 billion in funding has been provisioned for the rehabilitation of the North East to complement the funds domiciled at the Presidential Committee on the North East Initiative as well as commitments received from the multinational donors.”
On agriculture, the president revealed that agriculture remained at
the heart of his administration’s efforts to diversify the economy,
saying that the allocation to the sector in 2017 was historically high
at N92 billion.
He said the amount would complement the existing efforts by the
Federal Ministry of Agriculture and Central Bank of Nigeria, CBN, to
boost agricultural productivity in the country.
President Buhari said the CBN would achieve the goal through increased intervention funding at single digit interest rate under the Anchor Borrowers Program, commercial agricultural credit scheme and The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending.
The administration’s agricultural policy will focus on the integrated development of the agricultural sector by facilitating access to inputs, improving market access, providing equipment and storage as well as supporting the development of commodity exchanges.
“Government realizes that achieving its goals with regard to job creation, also requires improving the skills of our labour force, especially young people.
“We have accordingly made provision, including working with the private sector and state governments, to establish and operate model technical and vocational education institutes.
“We propose, with regard to healthcare, to expand coverage through support to primary healthcare centers and expanding the National Health Insurance Scheme.”
The president also announced the 2017 Budget estimates retained the allocation of N500 billion to the Special Intervention program.
The program consists of the Home-grown School Feeding Program, Government Economic Empowerment program and N-Power Job Creation Program.
He said the program would provide loans for traders and artisans, Conditional Cash Transfers to the poorest families and the new Family Homes Fund (social housing scheme).
“The N-Power Program has recently taken off with the employment of 200,000 graduates across the country, while the School Feeding Program has commenced in a few states, where the verification of caterers has been completed.
President Muhammadu Buhari announced this in the 2017 budget estimates at the National Assembly, Abuja.
He said that the allocation for the Presidential Amnesty Program had been increased to N65 billion in the 2017 budget while N45 billion had been set aside for the rehabilitation of the North East region.
According to him, the amount earmarked for the North East would complement the funds domiciled at the Presidential Committee on the North East Initiative as well as commitments received from the multinational donors.
“Provision has also been made in these estimates for activities that will foster a safe and conducive atmosphere for the pursuit of economic and social activities.
“In this regard, the allocation for the Presidential Amnesty Program has been increased to N65 billion in the 2017 Budget.
“Furthermore, N45 billion in funding has been provisioned for the rehabilitation of the North East to complement the funds domiciled at the Presidential Committee on the North East Initiative as well as commitments received from the multinational donors.”
On agriculture, the president revealed that agriculture remained at
the heart of his administration’s efforts to diversify the economy,
saying that the allocation to the sector in 2017 was historically high
at N92 billion.
President Buhari said the CBN would achieve the goal through increased intervention funding at single digit interest rate under the Anchor Borrowers Program, commercial agricultural credit scheme and The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending.
The administration’s agricultural policy will focus on the integrated development of the agricultural sector by facilitating access to inputs, improving market access, providing equipment and storage as well as supporting the development of commodity exchanges.
“Government realizes that achieving its goals with regard to job creation, also requires improving the skills of our labour force, especially young people.
“We have accordingly made provision, including working with the private sector and state governments, to establish and operate model technical and vocational education institutes.
“We propose, with regard to healthcare, to expand coverage through support to primary healthcare centers and expanding the National Health Insurance Scheme.”
The president also announced the 2017 Budget estimates retained the allocation of N500 billion to the Special Intervention program.
The program consists of the Home-grown School Feeding Program, Government Economic Empowerment program and N-Power Job Creation Program.
He said the program would provide loans for traders and artisans, Conditional Cash Transfers to the poorest families and the new Family Homes Fund (social housing scheme).
“The N-Power Program has recently taken off with the employment of 200,000 graduates across the country, while the School Feeding Program has commenced in a few states, where the verification of caterers has been completed.
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