Economy

7 Social Investment Programmes in Nigeria to benefit from this year

Social investment programmes in Nigeria is run under the administration and coordination of the National Social Investment Office (NSIO). The Federal Government of Nigeria established the National Social Investment Programmes (N-SIP) in 2015 and launched it in the year 2016.

N-SIP is a portfolio of programmes created to support the underprivileged Nigerians across the country by reducing poverty and improving their standard of living through direct support, capacity building, and investment.

These programmes provide Nigerians with the opportunity to partake and benefit greatly from the socio-economic transformation of the nation.

7 Social Investment Programmes in Nigeria to benefit from this year

The National Social Investment Programme (N-SIP) is divided into four major programmes namely:

  • National Home Grown School Feeding Programme (NHGSFP)
  • Government Enterprise and Empowerment Programme (GEEP)
  • Job creation and Youth Employment (N-Power)
  • National Social Safety Net Programme

See Also: 8 Functions of Social Welfare in Nigeria

1. National Home Grown School Feeding Programme (NHGSFP)

National Home Grown School Feeding Programme (NHGSFP) is one of the Social Investment Programmes in Nigeria that is carried out to increase the enrolment of pupils in Nigerian primary schools.

It also helps in addressing the health status and poor nutrition rate in children that have been affected due to poverty as this is a contributing factor to the poor learning abilities of children.

The main aim and focus of the NHGSF Programme are to make available a nutritious and balanced meal every day to 5.5 million pupils in public primary schools (from classes 1 to 3).

The school children are the primary target of this programme. It also provides job opportunities for cooks and ensures a sustainable income for the small-owner farmers, thus, producing a ripple result in the rural economy.

 

2. Government Enterprise and Empowerment Programme (GEEP)

GEEP is another Social Investment Programme in Nigeria that is aimed at giving financial support and training various businesses that are at the lowest part of the financial pyramid.

The Government Enterprise and Empowerment Programme (GEEP) is targeted at providing micro-loans to 1.66 million businesses in the bottommost part of the financial pyramid.

The Federal Government Administration launched an initiative called “TRADER MONI” which is under the Government Enterprise and Empowerment Programme (GEEP).

Trader Moni focuses on taking financial presence to the grassroots as most businesses at this level don’t have the necessary requirements to access the commercial banks’ loans.

Trader Moni is created for petty traders and market women; artisans and MSMEs; enterprising youth; Farmers and agricultural workers.

Application of these loans can be done online (www.boi.ng/marketreg) or on paper which will be collected at the Bank Of Industry (BOI), the State Focal Person, State Ministries of Trade, Women Affairs or Commerce.

Upon successful approval of loan application and payment, the eligible individuals will have to pay back their money within a period of 6 months. Qualified applicants can access a loan between ₦10,000 and ₦100,000 with a 2-week moratorium.

Here are the criteria and requirements for applying and accessing a GEEP Loan.

  • It is mandatory to belong to an association or corporative.
  • The disbursement of loan to successful applicants is done directly.
  • The cooperative leaders must assure timely payments of loans and credibility.
  • GEEP loan applicants must have a physical business location.

 

3. Job creation and Youth Employment (N-Power)

N-power is job creation and youth employment programme for individuals between 18-35 years of age.

Created by the Nigerian Federal Government, the N-Power initiative is a programme is aimed at providing a platform where most citizens, especially the youths can acquire skills and develop themselves.

In the end, applicants will be able to attain some level of financial independence.

Application for N-power programme is done online. This is to create an equal opportunity for everybody and select eligible applicants through the details the provided. The online application process will also enable direct payment through the Bank details (Bank name, account number, BVN) submitted.

The Volunteers of N-Power are given devices containing relevant contents alongside ₦30,000 stipend which is usually paid every month. The contents contained in the device encourage continuous learning. They also facilitate the volunteers’ ability to implement the chosen vocation successfully.

The N-power programme is opened to both graduates and non-graduates in Nigeria.

 

4. National Social Safety Net Programme

The National Social Safety Net Programme is a social investment programme in Nigeria that focuses on vulnerable and poor households.

The National Social Safety Net Coordinating Office (NASSCO) is responsible for setting standards and coordinating all social safety net programmes, as well as setting up the registry.

The National Social Safety Net Programme is aimed at making available a targeted structure for the development of an authentic and credible database of the vulnerable and poor households through-

  • Poverty Mapping- Identifying the poorest Local Government Areas
  • Community-Based Targeting
  • Proxy Means Test- Ranking the households that have been captured according to their means, in a way to eliminate the well-to-do ones in the payment exercise.

5. National Cash Transfer Programme (N-CTP)

The National Cash Transfer Programme is a project under the National Social Safety Net Coordinating Office (NASSCO) whose purpose is to reach out to the poor and vulnerable households.

The National Cash Transfer Programme (N-CTP) gives targeted cash transfers of ₦5,000 monthly to households with the ultimate goal of alleviating poverty.

A very crucial part of the N-CTP initiative is the continuous support beneficiaries get. Community Facilitators in each ward coach and mentor them to form savings groups. These facilitators visit the beneficiaries every week to provide training on basic financial knowledge and life skills, as well as hygiene, sanitation information, and nutrition.

Other social investment programmes in Nigeria include:

6. Community Social Development Project (CSDP)

The Community Social Development Project (CSDP) is also a social investment programme in Nigeria which adopts the approach of the community-driven development (CDD).

The World Bank financially supports the CSDP, while the Federal Government of Nigeria, as well as the participating states,  co-finances it.

 

7. Youth Employment and Social Support Operation (YESSO)

YESSO is social support operation aimed at reducing poverty in the following ways:

  • Providing immediate job opportunities for the youths through a Skill for Job program and Public Works Fare.
  • Through Conditional Cash Transfers

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Judith Onwuka

Judith Onwuka is a content developer at InfoGuideNigeria.com. InfoGuide Nigeria is a team of Resource Persons and Consultants led by Ifiokobong Ibanga. Page maintained by Ifiokobong Ibanga. If you need a personal assistant on this topic, kindly contact us.

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