• Wednesday, February 28, 2024
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BusinessDay

Tinubu suspends all NSIP programs for six weeks

Tinubu targets $300b dead capital, with new housing sector appointments

President Bola Tinubu has ordered the suspension of all programmes administered by the National Social Investment Programme Agency (NSIPA).

Segun Imohiosen, Director of Information, Office of the Secretary to the Government of the Federation SGF, said this is further to the ongoing investigation of alleged malfeasance in managing the agency and its programmes.

The Statement noted that ” All four (4) Programmes administered by NSIPA, viz; N-Power Programme, Conditional Cash Transfer Programme, Government Enterprise and Empowerment Programme and Home Grown School Feeding Programme have been suspended for six (6) weeks in the first instance.

” President Bola Tinubu has also raised significant concerns regarding operational lapses and improprieties surrounding payments to the program’s beneficiaries.

“He has therefore constituted a ministerial panel to conduct a thorough review of the Agency’s operations to recommend necessary reforms of the NSIPA.

“During this suspension period, all NSIPA-related activities, including but not limited to distributions, events, payments, collaborations and registrations, are now frozen.

” The President wishes to assure the stakeholders and all Nigerians that his administration remains committed to a swift and unbiased process that will ensure that, going forward, social intervention programmes will work exactly as intended, to the benefit of the most vulnerable Nigerians” the statement added.