FG Votes N500bn For Unemployed Graduates, School Feeding.

President Muhammadu Buhari yesterday sent the Medium Term Expenditure Frame- work (MTEF) and Fiscal Strategy Paper (FSP) to the National Assembly with N500 billion voted to pay unemployed Nigerian graduates and feed school children amongst other social welfare programmes in the N6.07 trillion budget for 2016.
Buhari said “phased” social welfare programmes will be created to cater for a large population of the poorest and most vulnerable Nigerians upon the evidence of children’s enrolment in school and evidence of immunisation.
In other 2016 votes, N63.29 billion was voted for subsidy (including N150 billion for 2015 arrears); N20 billion for the Presidential Amnesty Programme in 2016, down from N47.39 billion voted in 2015, and N39.88 billion voted for Frontier Exploration Services – to prospect for oil in the Chad Basin.