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We're Using Abacha Loot,IDA Credit To Alleviate Poverty- FG

Published

5 years ago

Oct 22, 2019.

– FG said that it was using the Abacha loot to impact life positively
– The presidential aide said that from August/September 2018 to the September/October payment cycle, the total cumulative value so far disbursed from the Abacha loot was $76,538,530, and $27,099,028 from the IDA credit
– She said that the gesture is positively changing the fortunes of many Nigerians who find themselves below the poverty line

The Federal Government, through the National Social Investment Office (NSIO), has been using the recovered “Abacha loot” and the International Development Association (IDA)/World Bank credit on programmes and policies that address the plight of poor and vulnerable Nigerians,said Special Adviser (SA) to the President on Social Investments, Mrs Maryam Uwais.
She made the statement on Monday at a two-day experts’ training and advocacy on Tracing and Recovery of Illicit Funds and Assets organised by the Human Environmental Development Agenda (HEDA) in Port Harcourt, the Rivers State capital.
Mrs Uwais, in a statement by the Communications Manager of NSIO, Justice Tienabeso Bibiye, said that the funds were being disbursed to beneficiaries of the National Cash Transfer Programme (a component of the National Social Investment Programme (N-SIP).
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The presidential aide said that from August/September 2018 to the September/October payment cycle, the total cumulative value so far disbursed from the Abacha loot was $76,538,530, and $27,099,028 from the IDA credit.
She added that the gesture is positively changing the fortunes of many Nigerians who find themselves below the poverty line.