FEC approves NSIP Establishment Bill 2022

The Federal Executive Council (FEC) has approved the National Social Investment Programme (NSIP) Establishment Bill, 2022.

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, announced this while addressing the press after the weekly FEC meeting presided over by President Muhammadu Buhari

The minister said the NSIP Establishment Bill is an Executive Bill aimed at giving legal backing to the social investment programme, establish it as an institution in line with President Buhari’s agenda to lift 100 million Nigerians out of poverty by 2030.

She said the council also approved the National Flood Emergency Preparedness and Response Plan for Nigeria to ensure more resilient and effective response measures in tackling flooding across the country.

Source: FEC approves NSIP Establishment Bill 2022 – StocksWatch (stocksng.com)

Related Posts


Business & Economy

Capital Hotels sells 51% of its shares to 22 Hospitality Ltd

Capital Hotels Plc has notified its Shareholders and other Stakeholders that 22 Hospitality Ltd has successfully acquired 1,611,995,510 Ordinary Shares of 50 kobo each representing 51% of the equity share capital of the Company through Private Placement. All the required regulatory approvals have been received for the transaction. In addition, 22 Hospitality Limited also bought 456,641,337, and […]

Business & Economy

Union Bank partners Wacot Rice Limited to empower local farmers

In a bid to aid the financial inclusion drive of farmers in Kebbi State, Union Bank has entered into partnership with Wacot Rice Limited, a rice processing company. According to the bank the partnership is aimed to financially include 6,000 local farmers. This will include the youths and women in Kebbi State.  “The Kebbi Financial Inclusion Drive[…]