Financial Digest

IPAC: A failed experiment or mere contraption?

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IPAC,Experiment,Contraption

Without concluding the probe of suspended minister Betta Edu and publicising its findings, lessons learned, and corrective actions taken, the Minister of Finance, Wale Edun, announced the expansion of the conditional cash program to 12 million Nigerians from the previous three million. The Tinubu government is moving on as if nothing happened.Since its inception, the Ministry of Humanitarian Affairs and Poverty Alleviation has been a cesspool of corruption. Political leaders always put their favoured stooges there to facilitate the looting of the Nigerian treasure. And there were lots of money to loot. The National Social Investment Programme Agency (NSIPA) kicked off in 2016 with a $500 million World Bank-backed loan. Later, the Nigerian government added $1.3 billion

Without concluding the probe of suspended minister Betta Edu and publicising its findings, lessons learned, and corrective actions taken, the Minister of Finance, Wale Edun, announced the expansion of the conditional cash program to 12 million Nigerians from the previous three million. The Tinubu government is moving on as if nothing happened.Since its inception, the Ministry of Humanitarian Affairs and Poverty Alleviation has been a cesspool of corruption.

Political leaders always put their favoured stooges there to facilitate the looting of the Nigerian treasure. And there were lots of money to loot. The National Social Investment Programme Agency (NSIPA) kicked off in 2016 with a $500 million World Bank-backed loan. Later, the Nigerian government added $1.3 billio

 

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