N500bn social welfare funds not mismanaged – Presidency

The Presidency on Thursday denied reports that N500bn earmarked for Social Investment Programmes in the 2016 budget has been mismanaged.

Senior Special Assistant to the Vice-President on Media and Publicity, Laolu Akande said this in a statement in Abuja.

Akande was reacting to media reports on a recent debate in the Senate titled, “The need to avoid the mismanagement of the N500bn Social Intervention Funds.”

He also dismissed claims that the programme was meant to marginalise a section of the country.

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