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Bill to channel 15% VAT for Trust Fund scales 2nd reading

It was to provide for an Act to provide a legal framework for establishment of NSIPs for the assistance and empowerment of the poor and vulnerable in Nigeria. Presenting the synopsis during plenary on Tuesday, Rep. Mansur Manu Soro said, the Bill in section 14 (a) proposed for the direct deduction of 15% aggregate of the VAT collected monthly for the purpose of funding the programmes which include the N-Power, Conditional Cash Transfer, Home-Grown School Feeding Market Moni, Trader-Moni and others. “These programmes are basically aimed at reducing unbearable social conditions and economic discomfort largely induced by unemployment, especially among youths with resultant poverty.

Bill giving legal backing to establishment of NSIP Trust Fund passes second reading

Vanguard News Translate Bill giving legal backing to establishment of NSIP Trust Fund passes second reading On By Levinus Nwabughiogu-Abuja House of Representatives has passed for second reading a bill seeking to provide a legal framework for the establishment of the National Social Investment Programme, NSIP. The bill is sponsored by the Speaker of the House, Femi Gbajabiamila, Hon. Ahmed Idris, Hon. Mansur Manu Soro and 9 other lawmakers. It may be recalled that several social intervention programmes have been provided by the federal government under the present administration. The programmes included the N-Power, Conditional Cash Transfer, Home-Grown School Feeding Market Moni and Trader-Moni.

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