President Muhammadu Buhari has announced plans to expand the N-Power beneficiaries from 500,000 to one million beneficiaries.
Buhari also wants to increase the number of people who profit from the conditional cash transfer scheme to 32 million from the current 13 million, according to a message sent to commemorate Workers’ Day on Saturday.
According to NAN, he claimed that expanding the N-Power program would result in job creation and poverty alleviation, which would help to mitigate the COVID’s impact.
“We also have put in place some socio-economic policies, which also include Conditional Cash Transfer for the vulnerable poor from 2.6 million households (13 million persons) to 7.6 million households (about 32 million persons),” Buhari said.
“COVID-19 Rapid Response Register (RRR) for urban Poor, which now has 4.8 million households (20 million persons) which also include urban poor/working class.
“Also, through the Federal Ministry of Industry, Trade and Investment, there is the Entrepreneur Support Programme and, this even includes the vulnerable workers amongst the urban poor.
“We also have the Artisan Support Fund, Payroll Support Fund for small scale businesses, Business Formalisation aimed at encouraging micro, small and medium enterprises by offering free registration for upcoming businesses by the Corporate Affairs Commission.
“There is also Guaranteed Off-take Stimulus Scheme for Small Medium Enterprises for producers of hygienic products and packaged food to encourage entrepreneurship and industries.”
The president added that in securing jobs, the government was promoting social protection and people’s welfare.
“We also know that social protection gives you peace of mind and hope for a better future.”