Economic Sustainability Plan
Presidency: One million Nigerians benefitting from survival fund
The Presidency yesterday said that over one million Nigerians have so far benefitted from the Survival Fund scheme under the Federal Government’s Economic Sustainability Plan (ESP). The Presidency said there are 500,000 beneficiaries from the MSMEs Payroll support track, 44,500 under the one-off General MSME Grant, and another 265,425 under the artisan support track, among others. Recall that payment to new beneficiaries of the Payroll Support track and the one-time General MSME Grant had commenced at the end of April. A statement by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Mr Laolu Akande, in Abuja last night explained that so far, under the ESP there are currently over one million beneficiaries nationwide from the various schemes...
Sustaining economic empowerment through financial inclusion, energy access
Financial inclusion and provision of sustainable energy is at a turning point in Africa’s largest economy, Nigeria. With a population of over 200 million, about 50 per cent of the total population live in rural areas, and only 39 per cent of those living in rural communities have access to electricity. This is in addition to over 40 per cent of the entire population who are financially excluded or underserved. However, the proliferation of digital financial services in Nigeria – powered largely by growth in fin-tech companies – has catalysed an unparalleled increase in the current number of people with access to formal financial services, while further opening up opportunities to address power supply challenges across rural communities; a major feat instrumental towards achieving the broad...
VP Osinbajo: Nigerian government democratising broadband connectivity
It’s the first in sub-Saharan Africa and one of the three such cutting-edge facilities on the continent, with top prime global certifications for smart card manufacturing and it is based in Lagos, Vice President Yemi Osinbajo, SAN, relished yesterday afternoon while touring SecureID company’s premises, and affirmed Nigeria’s extremely bright economic future, which he said cannot be aborted despite current challenges. According to him, “the economic future of our nation is extremely bright. Yes, we have challenges today and they may look daunting. But let me assure you that these issues will be resolved. The march of this nation to its manifest destiny as Africa’s leading economic power will not be aborted. We are more than able to overcome.” An impressed Prof. Osinbajo said the Buhari Admi...
VP Osinbajo: We must resist all attempts to tear Nigeria apart
Vice President Yemi Osinbajo has called on Nigerians to resist any attempt to divide the nation saying Nigeria is better as one indivisible entity. He also called for the strengthening of community policing structures which he said will result in improved security situation across the country. Osinbajo who made this known on Tuesday while revalidating his membership of the ruling All Progressives Congress (APC) in Ikenne ward one in Ogun state declared “we must resist any attempt to destroy the unity of this country, our people have lived and worked together for decades, even centuries.” He added: “While we must attend to the cries of communities, and the cries of our people for justice, equity and fairness, we can do so within this same union. Ultimately we are stronger together than apar...
Nigerian government commences N30,000 grants to Uber drivers, Keke NAPEP riders
The federal government has commenced the disbursement of N30,000 grants for transporters as a measure to support those affected by COVID-19 pandemic under its economic sustainability plan (ESP). This was disclosed in a statement signed by Laolu Akande, senior special assistant to the vice president on media and publicity, on Sunday. The funds are being disbursed under the federal government’s micro, small and medium enterprise (MSME) survival fund scheme for artisans and transporters. The transport support track opened on November 30, 2020, after the artisans’ support track launched on October 1, 2020. According to the statement, the artisans track is under federal government’s survival fund, while the transport track is a different scheme also under the same fund. Those to benefit from th...
VP Osinbajo: Virus vaccine distribution should be equitable
The Vice President, Professor Yemi Osinbajo (SAN), has advised that the deployment of the Novel Coronavirus (COVID-19) vaccine should be done in an equitable and affordable manner in order to effectively contain the spread of the Coronavirus disease across the globe. The Vice President stated this on Friday at the virtual 2020 EURAFRICA Forum themed “Towards a realistic Euro-African partnership during and beyond the COVID-19 era”. The summit featured presentations from notable global leaders including the Secretary-General of the United Nations, Mr. Antonio Guterres, the Prime Minister of Cape Verde, Mr. Ulisses Correia Silva, among other speakers. The EurAfrican Forum aims to foster stronger collaboration between Europe and Africa, and better promote a shared green and inclusive growth, a...
