President Buhari’s N1 trillion SIP largesse fails to curb poverty

The worsening multidimensional poverty rate and poor living standards of Nigerians have fuelled calls by Nigerians for a deeper scrutiny of President Buhari administration’s social investment programmes, which had allegedly consumed over a trillion naira.

Immediately he came to office, Buhari announced that the administration would spend N500 billion annually on social investment programmes, such direct cash transfers, TraderMoni, school feeding etc to alleviate poverty and create jobs. But after seven year in office, poverty and unemployment, rather than abate have explode with 133 million Nigerians or 63 percent of the population in multidimensional poverty.