Economic Sustainability Plan

The Federal Government has said that the administration of former President Goodluck Jonathan created the problem in the power sector by selling the power generating and distributing companies to incompetent investors.

In a determined effort to offer Nigerians an effective option to petrol, the federal government will focus on developing Compressed Natural Gas otherwise known as auto-gas, which is priced significantly lower than PMS.

The Federal Government through the National Social Safety Nets Coordinating Office is developing a Rapid Response Register to scale up the enrollment of poor and vulnerable citizens in urban centres.

Nigeria will continue to partner with the World Health Organisation (WHO) and some countries to ensure accelerated development and manufacturing, as well as the uninhibited supply of safe and effective Coronavirus vaccines to all, President Muhammadu Buhari declared Tuesday.

Vice President Yemi Osinbajo says Nigerians are gifted with exceptional attributes of confidence, resilience and mental acuity.

Just as global Social Media and technology giant, Facebook, was informing the Federal Government about its decision to open a Nigerian office in Lagos, Vice President Yemi Osinbajo, SAN has restated the determination of the Buhari administration to keep boosting the nation’s technology sector and digital economy.

To state that we live in challenging times is perhaps an understatement and does very little justice in accurately capturing our current realities. Those realities include a world faced with a pandemic the scale of which hasn’t been seen in 100 years. The crisis has crippled economies, destroyed global supply chains and obliterated once productive and viable sectors of the economy.

Though the deregulation of petrol is causing hardship across the polity, the initial pain will eventually give way to greater benefits among which include a significant reduction in the price and availability of the product at all times, according to Nigerian President, Muhammadu Buhari.

President Muhammadu Buhari has warned that it would be economically dangerous for Nigeria to go back to the era of fuel subsidy, citing grave financial cost and a return to the era of long fuel queues as certain results.

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 Federal Government has concluded arrangements to expend N2.3trillion on electrification of rural communities, targeting five million homes under the Economic Sustainability Plan, ESP.

Mr Goddy Jedy-Agba, the Minister of State Power said this in Abuja on Tuesday, while inaugurating the First 12 Kilo Watts Peak (KWP) Volus Solar for Health (VSFH) Mini-Grid with 58 KWH Battery Bank at Karu Primary Health Centre initiated by Volus Energy Ltd.

The Nigerian-American Chamber of Commerce (NACC) has called for adoption of a value-driven national orientation with emphasis on non-oil diversification to mitigate the impact of COVID-19 on the economy.

The Federal Government has expressed its determination to continue funding the 2020 budget to ensure that the economy recovers as projected, even as the country’s Gross Domestic Product (GDP) contracted by -6.10 percent in the second quarter of 2020.

The Minister of State for Budget and National Planning, Prince Clem Agba, said the federal government had earmarked the sum of N126 billion in the Economic Sustainability Plan (ESP) to upgrade health infrastructure across Federal Medical Centres (FMC) and teaching hospitals with intensive care units.

The Federal Government will use part of the N2.3 trillion stimulus package to purchase locally produced items as buyer of last resort in line with its Economic Sustainability Plan, according to Vice President Yemi Osinbajo, SAN.

Though the COVID-19 pandemic presents the most challenging times in recent history, it can also be a turning point for innovative thinking especially towards resolving the numerous challenges faced by humanity, according to Vice President Yemi Osinbajo, SAN.

The 36 state governors have dismissed claims that they are against President Muhammadu Buhari’s Executive Order 10 of 2020, which compels state governors to ensure financial autonomy for state legislatures and judiciaries.