Coalition wants N$500 grant
Coalition wants N$500 grant

Coalition wants N$500 grant

Jauch said lack of funding will not be accepted an excuse as proposed N$500 grant would be a drop in the ocean of government’s budget.
Cindy Van Wyk
ESTER KAMATI







WINDHOEK

The Economic and Social Justice Trust (ESJT) is persistent that government should introduce a basic income grant (BIG) of N$500 monthly to Namibians between the ages of 19 and 60.

Leader of the trust Herbert Jauch said lack of funding will not be considered an excuse as the money used for the grant would be a drop in the ocean of government’s budget, considering Namibia’s small population.

“This we cannot accept because we have done the calculation. A basic income grant is possible.”

Jauch said in 2019, government promised to review and rework the policy. A universal child grant and the BIG should be two key policies that should be looked at pending the review and subsequent rollout of the policy, he added.

Alleviate poverty

Social entrepreneur Kevin Wessels said that government has the funding potential to roll out a BIG for the low population of 2.5 million people. He said the N$750 Covid-19 grant rolled out to Namibians last year proves government’s capability to alleviate poverty through a similar initiative.

According to Wessels, about N$4 billion of the national budget is needed to cover the BIG, paying N$ 500 to all Namibians between the ages of 19 and 60 years old. “That is 5.5% [of national budget]; it is nothing for the government.”

Wessels added that the youth are tired of promises which do not materialise.

“If a household receives N$3 000, that means that household is able to sustain itself. We are not saying that poverty will be eradicated totally, but it will help alleviate it.”

Went a long way

A BIG pilot project took place in 2008 in Otjivero, a village about 100 km east of Windhoek, where inhabitants received N$100 each for a period of 24 months.

Beneficiaries Josephina Nekwaya (21) and Christa Nekwaya (20) said the small contribution went a long way.

Christa said the grant made a significant change in her community, and added that N$500 can do much more. She further mentioned that the looting of public funds is a contributor to poverty.

“That was one way to show us that there is a way, if there is a will. That little money we got from the pilot study enabled people to go to school.”

Josephina said the Namibian youth are the rightful owners of the country’s resources, but still struggle to make a living.

“We, the youth of Namibia, are cheated out of promising futures as we see the ongoing revelations of the Fishrot saga.”

[email protected]

Comments

Namibian Sun 2024-07-07

No comments have been left on this article

Please login to leave a comment

Currie Cup: DHL Western Province 25 vs 30 Vodacom Blue Bulls | Toyota Cheetahs XV 82 vs 20 NovaVit Griffons | Cell C Sharks XV 25 vs 26 Fidelity ADT Lions | Suzuki Griquas 24 vs 44 Airlink Pumas Rugby World Cup U20: Australia U20 12 vs 17 Italy U20 | South Africa U20 12 vs 31 Argentina U20 | England U20 48 vs 11 Fiji U20 | France U20 26 vs 27 New Zealand U20 | Wales U20 31 vs 10 Spain U20 | Ireland U20 22 vs 16 Georgia U20 F1: Great Britain GP First:Lewis Hamilton Mercedes 01:22:27 Second:Max Verstappen Red Bull + 00:00:01.465 Third:Lando Norris McLaren + 00:00:07.547 #N/A Currency: GBP to NAD 23.23 | EUR to NAD 19.68 | CNY to NAD 2.5 | USD to NAD 18.16 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.29 | EGP to NAD 0.37 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.73 | ZWL to NAD 0.04 | BRL to NAD 3.32 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 134.16 | USD to AOA 871.26 | USD to BWP 13.56 | USD to EGP 48 | USD to KES 127.98 | USD to NGN 1515.35 | USD to ZAR 18.23 | USD to ZMW 24.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1791.53 Down -0.7% | Casablanca Stock Exchange (CSE) MASI 13367.73 Up +0.54% | Egyptian Exchange (EGX) 30 Index 28364.79 Up +0.72% | Botswana Stock Exchange (BSE) DCI 9380.4 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 391.62/OZ UP +1.48% | Copper US$ 4.67/lb UP +2.36% | Zinc US$ 3 017.00/T UP 0.01% | Brent Crude Oil US$ 87.46/BBP DOWN -0.0079 | Platinum US$ 1 027.76/OZ UP +2.82% #N/A