FG Injects Over 1 Billion Naira To Osun Economy Through SIP

The Federal Government of Nigeria has injected over a billion naira into Osun economy through its Conditional Cash Transfer for Vulnerable Scheme of Buhari administration’s Social Investment Programme.

Information has revealed that more than 13,800 beneficiaries in 18 Local Government Areas of Osun were selected and currently benefiting from the Federal Government SIP scheme.

The scheme which was kick-started in December 2016 with 12 Local Government Areas has been extended to 18 of the State of Osun Local Government Areas with a target to cover the remaining 12 council areas soonest.

According to the authority in-charge, Conditional Cash Transfer for Vulnerable Scheme is a Federal Government Social Investment Programme that was designed to aid the living condition of poor, vulnerable and aged people.

Beneficiaries of the scheme were identified and nominated by community elders and selected through due process at the State of Osun Ministry of Federal Matters. These beneficiaries were selected across board without party affiliation.

The Focal Person of SIP in Osun who doubled as the State Commissioner for Federal Matters, Hon. Idiat Babalola and represented the Governor of Osun during the event organised for the disbursement of stipends to beneficiaries in Olorunda Local Government warmly welcomed and greeted the gathering as she delivers government’s goodwill message.

Hon Babalola in her remarks said the programme is a Federal Government scheme which was extracted from one of the initiatives of Ogbeni Rauf Aregbesola, the governor of Osun.

“You will remember that a similar project was started by Ogbeni Rauf Aregbesola and was tagged ‘Agba Osun’. Then, the Federal Government understudied the initiative, saw the beauty in it and decided to subscribe to it.”

“I urged all of you to develop the habit of saving not minding that the amount is small. Try to save a little even if it is a N1000 in a month which after 3 years will amount to N36,000 which also can be used to strenghten your business” she submitted.

The SSA to the Governor of Osun on Federal Matters, Mallam Lukman Bello urged beneficiaries to continue to pray for President Muhammad Buhari for counting them worthy to be partakers of his campaign promise, reminded them of the contents of his campaign in 2015.

Mallam Bello advised the gathering to always turn deaf ears to all lies from the table of rumourmongers against the administration of President Buhari as he urged them to continue to be of good conduct and character like the Governor.

“This scheme targets the aged/elders, you should also remember that our children are benefiting one meal per day in their respective elementary schools while the youths are immensely benefiting through N-Power scheme that puts N30,000 into their account on monthly basis.” He relayed.

The scheme has so far recorded 475 beneficiaries in Olorunda Local Government Area, spread across 30 communities.