Victor EzejaMinister of Finance and Coordinating Minister of the Economy, Wale Edun, has highlighted the need for transparency and accountability in the implementation of social investment programmes in Nigeria.
Edun made the call while presiding over a meeting of the Presidential Panel on Social Investment Programme (SIP) in Abuja on Monday, 19 August.
Join our WhatsApp ChannelAccording to a statement by the Finance Ministry’s Director, Information and Public Relations, Mohammed Manga, said the meeting was to assess progress and ensure the effective implementation of social investment policies in the country.
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The statement added that the meeting was also convened to give updates on the progress of the Direct Benefit Transfer (DBT) programme, introduce newly-appointed members of the National Social Investment Programme (NSIP), and also “discuss the Youth Employment Benefits scheme, including key design considerations.
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Manga said a comprehensive report on the committee’s activities was presented during the meeting “showcasing significant strides in the direct transfer of funds to the nation’s poorest and most vulnerable citizens.”
“The presentation also included the introduction of a new draft for the Youth Employment Benefits scheme aimed at addressing youth unemployment through targeted interventions.
“Edun underscored the importance of transparency and accountability in the implementation of social investment policies. He emphasised the need for platforms that allow citizens to monitor and verify the progress of these interventions, ensuring that they are effectively reaching those in need.”
“With the Presidential Panel’s meeting, Nigeria’s social investment landscape is poised for significant enhancement. Under the Honourable Minister’s guidance, the panel’s efforts will ensure that social investment programs, such as the Direct Benefit Transfer and Youth Employment Benefits scheme, are optimized to reach the most vulnerable citizens.
“Through transparency, accountability, and citizen engagement, Nigeria is set to make strides in poverty alleviation and economic empowerment.”
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
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