President Muhammadu Buhari said yesterday that at least nine million people are currently benefitting from the Social Investment Programme (SIP) in the country.
He also said 297,973 homes are receiving the monthly stipend of N5,000 from the Federal Government.
Speaking at the opening ceremony of the 61st meeting of the United Nations World Tourism Organization Commission for Africa (UNWTO-CAF), the federal government has injected $9 billion dollars into the country’s infrastructural development in the last two years.
According to him, the infrastructural projects include road, railway and power.
President Buhari, who was represented the Secretary to the Government of the Federation, Boss Mustapha, said the country is investing so much on infrastructure to promote tourism in a steady effort to diversify the economy.
He also said the government is investing in SIP to promote human capital development which has benefitted over nine million people.
To attract investment in the tourism sector, the President said the government would impose minimal tariffs on amusement park equipment, casino and materials for hotel construction.