Just in: How $22m Abacha loot was spent – FG releases breakdown

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Federal government has spent $22,416,826 million on its various national social investment programmes – Maryam Uwais, special adviser to the president on social investments, said the $22,416,826 million is part of the $322million already released for the programmes

– Uwais also disclosed that her office spent a total of N470,825,522,694.62 billion on the social investment programmes from 2016 to 2018 The federal government on Wednesday, May 23, said it has spent $22,416,826 million (N6,837,131,930 billion) on its various national social investment programmes between 2016 and 2019.

According to Leadership newspaper, the $22,416,826 million is part of the $322million already released for the social investment schemes by government. “Up to date figure on the Abacha loot is $22,416,826 that has been utilised up to date from the $322 million that was released and placed in an account with CBN,” Maryam Uwais, special adviser to the president on social investments, said at a media briefing tagged From Conception to Consolidation.

The programmes range from Conditional Cash Transfer, Government Enterprise and Empowerment to N-Power- Innovation Hubs and National Home-Grown School Feeding schemes. Legit.ng gathers that Uwais also disclosed that her office spent a total of N470,825,522,694.62 billion on the social investment programmes from 2016 to 2018.

“It is pertinent to note that out of an annual approved budget of N500 Billion, between 2016 and 2018, the total sum of N470,825,522,694.62 has so far been released to the NSIO and expended on the above-mentioned programmes,” she stated.

A breakdown of the figures shows that in 2016, N79,985,158,705.32 was expended on the programmes that are currently being carried out in some states of the federation, while the figure grew from N140,000,000,000 in 2017 to N250,840,363,989.30 in 2018. Uwais announced that over 9.7 million pupils have already benefited from the government’s National Home-Grown School Feeding Programme, in three years.

According to her, 103,992 cooks are currently on payroll, feeding 9,714,342 pupils in 53,715 government primary schools around 31 states, while all the remaining states are at various stages of meeting the criteria set for feeding to commence.

Meanwhile, Legit.ng previously reported that Vice President Professor Yemi Osinbajo disclosed that the federal government has a plan to equip 10,000 schools every year for the next 10 years. Osinbajo disclosed this at the 23rd convocation of the Lagos State University (LASU) on Thursday, May 16.

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