FEC Okays N2bn for National Social Investment Management System

 

The Federal Executive Council has approved a contract for the design, development, deployment, and management of National Social Investment Management System for the National Social Investment Programme. 

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouk, announced this to State House correspondents after Wednesday's council meeting. 

“This system is going to be used to take care of the issues of N-Power Programme, N-SIP Programme, National Cash Transfer Programme, as well as National Home-Grown School Feeding Programme.

“We are starting with N-Power, which is the one before us. It is very immediate. Afterwards, we will key other clusters of the National Social Investment Programme into this platform. The council has graciously approved and we should go ahead.

“The contract is in the sum of N2,123,035,499.96 inclusive of 7.5 per cent VAT with a completion period of 24 months," she said.