2017 Budget: Nigeria Earmarks N110b For Amnesty, Insurgency
The Federal Government has earmarked N110 billion for the implementation of Presidential Amnesty Programme and the rehabilitation of the Northeast devastated by Boko Haram insurgency.
President Muhammadu Buhari stated this in his presentation of the 2017 Appropriation Bill at the National Assembly on Wednesday.
He said the allocation for the amnesty programme had been increased to N65 billion in the 2017 Budget while N45 billion had been set aside for the rehabilitation of the Northeast.
To compliment existing funds
The president noted that the N45billion penned for the Northeast would complement the funds domiciled at the Presidential Committee on the Northeast Initiative as well as commitments received from the multinational donors.
“Provision has also been made in these estimates for activities that will foster a safe and conducive atmosphere for the pursuit of economic and social activities.
“In this regard, the allocation for the Presidential Amnesty Programme has been increased to N65 billion in the 2017 Budget.
The president revealed that agriculture remained at the heart of his administration’s efforts to diversify the economy.
He said the proposed allocation to the sector in 2017 is at a historic high of N92billion.
He explained that this amount would complement the existing efforts by the Federal Ministry of Agriculture and Central Bank of Nigeria (CBN) to boost agricultural productivity in the country.
The Anchor Borrowers Programme
President Buhari also said the CBN would achieve this goal through increased intervention funding at single digit interest rate under the Anchor Borrowers Programme, commercial agricultural credit scheme and The Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending.
He said, “Government realizes that achieving its goals with regard to job creation, also requires improving the skills of our labour force, especially young people.
“We have accordingly made provision, including working with the private sector and State Governments, to establish and operate model technical and vocational education institutes.
“We propose with regard to healthcare to expand coverage through support to primary healthcare centres and expanding the National Health Insurance Scheme.”
Special Intervention fund unchanged
The president also revealed that the 2017 Budget estimates retained the allocation of N500 billion to the Special Intervention programme. It consists of the Home-grown School Feeding Programme, Government Economic Empowerment programme and N-Power Job Creation Programme.
He said the programme would provide loans for traders and artisans, Conditional Cash Transfers to the poorest families and the new Family Homes Fund (social housing scheme).
“The N-Power Programme has recently taken off with the employment of 200,000 graduates across the country, while the School Feeding Programme has commenced in a few States, where the verification of caterers has been completed
“As we pursue economic recovery, we must remain mindful of issues of sustainable and inclusive growth and development.”
He maintained that the significant vote for the Federal Ministry of Water Resources in the 2017 budget reflected the importance attached to integrated water resource management.
The president, therefore, stated that many river-basin projects had been prioritized for completion in 2017.
“Similarly, the increased vote of N9.52 billion for the Federal Ministry of Environment (an increase of 92% over the 2016 allocation) underscores the greater attention to matters of the environment, including climate change and leveraging private sector funding for the clean-up of the Niger Delta.”