MMM: Presidency to grant loans to Nigerians soon

The Presidency says she has made significant progress in the implementation of the Social Investment Programs.

The presidency listed such programs as the N-Power Volunteers Corps and the Homegrown School Feeding Program.

The statement was made by the Senior Special Assistant on Media & Publicity to the Vice President, Mr. Laolu Akande.

“Right now verification exercises are going on very well across the states of the federation.

“We have engaged the first batch of the 200,000 of the half a million unemployed graduates.

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“These persons will serve in their various communities.

“They will teach, educate farmers and healthcare systems in their communities.

On the Conditional Cash Transfer, CCT, he disclosed that data of the beneficiaries for 9 states are now ready.

He added that payment processes for those states are in top gear.

Under the CCT scheme, one million vulnerable and poorest Nigerians would receive N5000 monthly.

Also on the micro-credit scheme, the Buhari administration will offer soft loans to over million Nigerians.

The loans will be assessed through the bank of industry.

The loans, ranging from N20,000, N50,000 to N100,000, would be granted with the active collaboration cooperatives across the country.

“The Buhari presidency has remained faithful to its promises on the Social Investment plans.

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“The president assures that these programs would seamlessly dovetail into the next budget cycle.”

“For all N-Power Volunteer Corps across the country, their concerns would be fully addressed.

“We are taking note of the progress and the challenges identified in the states.”

“Verified graduates in their respective states and duly deployed will get paid their N30,000 stipends this month.

Akande assured beneficiaries of the CCT and the micro-credit to be a little more patient, as their programs would commence soon.