Federal Government released N470 billion for SIP out of N1.5 trillion budget in three years

Special Adviser to the President on Social Investments in the Office of the Vice President, Mrs. Maryam Uwais has disclosed that the Implementing Unit of the National Social Investment Office (N-SIO) received N470.825b in three years out of N1.5tr budget.

She explained that the Federal Government allocated N1.5tr in the last three years for poverty alleviation under the Social Investment programme (SIP) in the Office of the Vice President.

Uwais stated this yesterday at a media briefing in Abuja as part of activities marking the end of President Muhammadu Buhari’s first term in office, which terminates on May 29.

“Since fiscal year 2016, the Federal Government has been making half a trillion budgetary allocation to address poverty and social exclusion in the country but this has been met with lip service because so far, below a quarter of the budgeted amount has been released in real terms,” she said.

Giving a breakdown of the figures received, she said out of an annual approved budget of N500b, between 2016 and 2018, only N470.8b has so far been released to the NSIO.

“In 2016, we got N79.9b, in 2017 government released N140b and in 2018, it released N250.8b to the SIP Programme,” she added.