The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, presided over a crucial meeting of the Presidential Panel on the Social Investment Program (SIP) today at the Finance Headquarters. The meeting, which brought together key stakeholders, focused on evaluating the progress of the Direct Benefit Transfer (DBT) programme, introducing newly-appointed members of the National Social Investment Program (NSIP), and deliberating on the Youth Employment Benefits scheme.
A detailed report on the committee’s activities was presented, highlighting significant achievements in delivering financial assistance directly to the nation’s most impoverished and vulnerable populations. The DBT programme has made notable strides in ensuring that aid reaches those who need it most, with ongoing efforts to enhance its efficiency and impact.
Additionally, the meeting introduced a draft proposal for the Youth Employment Benefits scheme, designed to tackle the pressing issue of youth unemployment through strategic and targeted interventions. This scheme is expected to provide much-needed support to young Nigerians, offering them opportunities for gainful employment and skills development.
Minister Edun stressed the importance of maintaining transparency and accountability in the execution of social investment initiatives. He called for the creation of robust platforms that would enable citizens to monitor and verify the progress of these programmes, ensuring that they are effectively addressing the needs of the intended beneficiaries.
The meeting underscored the government’s commitment to improving the lives of its citizens through well-structured social investment policies, aimed at fostering economic inclusion and reducing poverty across the nation.
