The House of Representatives has decided to investigate the status of ₦30 billion recovered from the National Social Investment Programme Agency (NSIPA) between 2024 and 2025.
This move aims to clear bottlenecks delaying the restart of key social intervention programmes, including the Government Enterprise and Empowerment Programme, Home-Grown School Feeding Programme, and Grant for Vulnerable Groups.
The recovered funds, meant for programmes like TraderMoni, MarketMoni, and FarmerMoni, haven’t been remitted to NSIPA’s Treasury Single Account, stalling implementation.
The delay undermines President Bola Tinubu’s Renewed Hope Agenda, exacerbating poverty, hardship, and eroding public trust.
Uncertainty over the funds’ location and management poses fiscal risks and disrupts programme timelines.
NSIPA was suspended on January 8, 2024, for six weeks amid allegations of financial irregularities.
Investigations uncovered irregular payments, fund diversion, and use of unapproved intermediaries.
Despite the suspension being lifted on January 21, 2025, NSIPA hasn’t resumed full operations.
An ad-hoc committee will investigate the funds’ status, custodianship, and delays, and engage with agencies for a clear utilisation plan.
The committee is expected to report back within four weeks.
