Monday, December 6, 2021
Home > Articles > 774,000 Special Public Works Programme: FG yet to disburse N7.3 billion to the remaining beneficiaries – Minister

774,000 Special Public Works Programme: FG yet to disburse N7.3 billion to the remaining beneficiaries – Minister

image_pdfimage_print

The Federal Government of Nigeria is yet to disburse the sum of N7.3 billion for the remaining beneficiaries of the 774,000 Special Public Works Programme.

This was disclosed by the Minister of State for Labour and Employment, Festus Keyamo during the budget defence organised by the Senate Committee on Labour and Employment for Ministries, Departments and Agencies (MDAs) on Monday, in Abuja.

The Minister blamed the delay on bank challenges and stated that the FG is committed to fixing the bottlenecks before the end of the year. Keyamo promised that the ministry would ensure that the funds were disbursed before the end of December. The scheme, which was launched in 2019 is expected to pay beneficiaries the sum of N20,000 a month for three months.

What the Minister said

This is so that we have a clear audit instead of us chasing banks all over the place.

“We said the bank should use their local branches to ensure that those 1,000 people selected in that local government area go to those banks within that locality.

“We have made an adjustment in the last few months. We are not attaching a particular bank to a local government again.

“So, no matter what it is, we will achieve 98% success on the programme,” he said.

The Director-General NDE Abubakar Fikpo stated that the agency does not have access to the funds for the beneficiaries. He revealed that the payment scheme for the participants meant all the funds were domiciled at the Central Bank of Nigeria (CBN).

He added that once the details for payment are prepared, they are sent to the Accountant General, not even the CBN.

READ  GDP: Nigeria’s economy to grow by 2.7% in 2022 – IMF

“It is the Accountant General now that communicates with CBN that upholds these things and then pay. That is the process.

What we normally send to the accountant general are names of participants, their account numbers, BVN, bank details and the amount.

“It is the accountant general that instructs CBN and then they effect the payment which was why sometimes, we experience failed payment,” he stated.

What you should know

Recall Nairametrics reported in March that the Minister of State for Labour, Employment and Productivity, Festus Keyamo (SAN), announced that President Muhammadu Buhari had directed the release of the funds for the payment of stipends to the 774,000 participants of the ongoing Special Public Works (SPW) Programme across the country.

Pls SUBSCRIBE to this blog YouTube channel

Share Button
Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
http://www.money247.com.ng

Leave a Reply

Your email address will not be published. Required fields are marked *