National Social Investment Office dismiss mismanagement speculation


The National Social Investment Office, NSIO, on Wednesday said the social intervention funds being managed by it had not been mismanaged as being speculated in some quarters.

It said since 2016 when the scheme commenced, the funding and disbursement had always been done by the Ministry of Budget and National Planning.

In a statement issued in Abuja, by the Communications Manager, Justice Bibiye, the NSIO said the Office of the Vice President is not involved in the financial transactions or the disbursement of funds for the programme.

It said the Steering Committee for the NSIO, chaired by the Vice President, supervises the implementation of the SIPs.

The Steering Committee comprises nine ministers, including that of Finance; Education; Health; Agriculture, Trade and Investment, Youth and Sports, Women Affairs; Labour and Productivity; Information; with the Ministry of Budget and National Planning as the Secretariat.