Is FG’s N5000 Monthly Stipend the solution?

FG under fire for N370bn increase in recurrent expenditure

President Muhammadu Bu­hari and the ruling All Progressives Congress (APC) are in the eye of the storm over their promise, during the 2015 presidential campaign, to en­sure the payment of N5000 monthly stipend to unemployed graduates if voted into power. Another version of the promise is that the APC govern­ment would create a social welfare programme to pay at least N5000 monthly to the nation’s poorest and most vulnerable citizens.

But the can this really help to reduce the problems the country is presently going through. At the moment, we are facing the fuel crisis which is not yet resolved. Also, major areas of the economy is also lacking such as our electricity system, transportation system, etc.

Also one of the major problems that we will face is the distribution of the funds. What is the guarantee that it is going to the beneficiaries and will a appropriate record (database) be created and maintained for the duration of the scheme. Even the Federal government is already having problems with the creation of the databases.

The Federal Government’s intention to use the Single Register to source for the beneficiaries of its N5,000 cash transfer scheme is being stalled due to lack of database by 28 states, a report from the Ministry of Finance has shown. According to the report published by Financial Watch, only eight states have captured.

How much will go to the geo-political regions of the country. Will the South, North, West or East have equal allocation of the funds or will there be favouritism in the disbursement of the N5,000. And how long will the N5000 Monthly Stipend last. Is it going to last for a year or the remaining 3 years of the present Administration?

On the part of the beneficiaries, are they going to be contented with the money and decide not to work anymore or look for other things to sustain their families (will it make people lazy)?

Vice President Yemi Osinbajo says the Federal government will begin payment of the N5000 to the poor in Nigeria once the 2016 budget is signed by President Buhari. Osinbajo disclosed this while speaking at the United Action for Change Town Hall Meeting at Ikeja Airport Hotel Lagos today April 23rd.

But for now, let’s hope it is implemented and it helps to improve the lives of the nation’s poorest and most vulnerable citizens.

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