The Federal Government says it will directly impact the lives of more than 8 million Nigerians in different social investment as contained in the 2016 budget spending that would provide succor and be a ready-made palliative to ordinary Nigerians.
This was contained in a statement by the Senior Special Assistant on Media and Publicity to the Vice President, Mr. Laolu Akande.
He said details and a breakdown of the interventions and palliatives which would be starting in a matter of weeks include direct payment of N5000 monthly to one million extremely poor Nigerians for 12 months as provided for in the 2016 budget for which N68.7b has been appropriated.
It includes direct provision of very soft loan for market women, men and traders, artisans and Agric workers to a total of 1.76m Nigerians, without the conventional collateral.
Some of the traders, he said will likely get about N60, 000, adding that a total sum of N140.3b has already been appropriated for this in the budget.
The Senior Special assistant to the vice president also said the N5000 social investment programmes of the Buhari administration is a ready-made palliative to lift Nigerians from poverty and economic hardship.