Emergency Income Grant (EIG) – Windhoek Observer

18 Aug

EIG to cost Gvt N$210m more

ObserverObserver MoneyEmergency Income Grant (EIG), Ministry of Finance

Staff Writer The Ministry of Finance has added an additional N$210 million to its initial budget of N$562 million, budgeted for disbursement under the Emergency Income Grant (EIG), a once-off N$750 cash payment per qualifying person, on the basis of meeting a set of criteria. To date according to figures from the Ministry of Finance, 765,452 beneficiaries have already received payment under the scheme launched in April by government to aid those who have lost jobs or income, as a result of COVID-19 from an initial estimate of 739,000 Namibians. “As we speak 765, 452 have received their grant already.…

It is not your N$750

ObserverNational NewsEmergency Income Grant (EIG), Eurobond

When the emergency income grant (EIG) of N$750 was announced, we applauded the idea. At the same time, we raised concerns about how the program would be packaged and rolled-out to the public. The current wave of public gripes about the grant seems to reflect that indeed, there is major misunderstanding about what the EIG was meant to be. Expectations were raised that cannot be met. Promises of ‘free money for all’ to momentarily deflate rising fear and anger amongst low-income citizens, could backfire. When loftily-announced pledges (like fishing jobs for all who were retrenched due to Fishrot) fall flat,…

578,863 apply for N$750 grant

ObserverObserver MoneyEmergency Income Grant (EIG), grant

Staff Writer The Ministry of Finance says as of Monday it had received a total of 578,863 applications for the Emergency Income Grant. According to the ministry 234,345 of the applications have been approved, translating to total payments of N$176.76 million. The Emergency Income Grant (EIG) is a once-off payment of N$750 in cash per qualifying person introduced by government through the Ministry of Finance to assist individuals on the basis of having lost income or experienced difficult circumstances during the COVID-19 lockdown periods. The grant according to the Finance ministry seeks to provide interim relief for the most vulnerable…