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Tuesday , January 24 2017
Home / Politics / Finally, Federal Government Will Pay N5,000 Unemployment Allowance – See Commencement Date

Finally, Federal Government Will Pay N5,000 Unemployment Allowance – See Commencement Date

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The Muhammadu Buhari led Federal Government has initiated the process of fulfilling its election campaign promise of paying N5,000 monthly allowance to 25 million jobless youths in the country.

According to Punch reports, 2016 has been marked as the take-off date with the resources to fund the program included in the 2016 budget.

A top government official, who spoke on condition of anonymity on Monday, revealed that the compilation of data was the first step to prevent the program from being sabotaged.

However, another top government official also added that owing to the lengthy processes involved in implementing the scheme, it might not take off either in January or February, 2016.

The source further added that, “You also know that if not properly handled, politicians will hijack the scheme and it will become a means of settling their constituents, whether they qualify to benefit from it or not.”

According to analysis, the program, when fully implemented, will cost the Federal Government N125bn monthly and a total sum of N1.5tr annually amidst dwindling oil price.

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One comment

  1. Yes Nigeria is coming up!

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