FG’s Social Investment Programme To Engage 500,000 Unemployed Graduates In 2018, Says Osinbajo
Vice President Yemi Osinbajo (SAN), has disclosed that the federal government has committed a total of N500 billion in the 2018 budget to engage 500,000 unemployed graduates in the year 2018.
The budgeted funds is part of the federal government’s Social Investment Programme (SIP) designed to cater for the vulnerable and the poor.
Osinbajo, in a chat with CNBC’s Chris Bishop, at the ongoing World Economic Forum in Davos, Switzerland, said that the federal government has been investing in the most ambitious social investment project in the country since 2016 which includes giving micro credit loans, and conditional cash transfers to the poorest of the poor.
His words: “Social policy is crucial because we think that in order to achieve the inclusive growth we’ve been talking about we must find a way of accounting for the vast majority of our people who still are in one form of deprivation or the other and that’s why this social investment scheme is extremely important and we hope that we’ll be able to improve on the numbers in terms of the social investment itself and also to see incremental improvements in those who are coming out of poverty.”