Presidential social investment panel meets to enhance poverty alleviation efforts

By Oluwakemi Kindness

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday presided over a meeting of the Presidential Panel on the Social Investment Program (SIP) aimed to assess progress and ensure the effective implementation of social investment policies.

This is in a bid to accelerate Nigeria’s poverty reduction efforts in line with the Renewed Hope Agenda of the President Bola Tinubu-led Administration.

The pivotal meeting was also convened to provide updates on the progress of the Direct Benefit Transfer (DBT) programme, introduce newly-appointed members of the National Social Investment Program (NSIP), as well as to discuss the Youth Employment Benefits scheme, including key design considerations.

A statement on Monday by the Director of Press in the ministry of finance, Mohammed Manga, during the discussions, a comprehensive report on the committee’s activities was presented, 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.

According to the statement, Edun underscored the importance of transparency and accountability in the implementation of social investment policies.

“He emphasized 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 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.”