The National Social Investment Office (NSIO) says Vice President Yemi Osinbajo is not in charge of disbursement of funds for its various programmes –
NSIO explains that Osinbajo, who chairs the steering committee of the office, only visits markets where he engages beneficiaries of the programme –
The steering committee, according to the NSIO, has nine ministers as members while every activity concerning funds are handled by the finance ministry
The National Social Investment Office (NSIO) may have put to an end the rumoured involvement of the Yemi Osinbajo, Nigeria’s vice president, in the disbursement of funds relating to its programmes.
Justice Tienabeso Bibiye, spokesperson of the NSIO, explained that Osinbajo has no role in the disbursement of the funds but that the ministry of budget and national planning was in charge of its finances.
Bibiye explained that the steering committee of the NSIO is chaired by Osinbajo, whose team supervises the implementation of the social investment programmers.
He also explained that the Osinbajo only visits markets in states where the TraderMoni scheme is launched. There, he does not disburse funds, but engages the beneficiaries.
National Social Investment Programme (N-SIP) has four areas including N-Power, conditional cash transfers, the national home-grown school feeding and the government enterprise and empowerment initiatives.
According to the statement, the steering committee comprises nine ministers, including those of finance; education; health; agriculture, trade and investment, youth and sports, women affairs; labour and productivity; and information while the ministry of budget and national planning is the secretariat.
“Conditional Cash Transfer (CCT) beneficiaries are identified by members of the communities themselves, through a tripartite method, which includes technology, for objectively and scale.
“At commencement, the World Bank community-based targeting process was adopted to assure of community ownership of the process.