Osinbajo: FG’s Economic Sustainability Plan has helped saved 2m jobs, others
Office of the Vice President (VP) Prof. Yemi Osinbanjo, on Friday, stated that the implementation of the Economic Sustainability Plan (ESP) COVID-19 intervention programs by the Federal Government (FG) has helped saved 2.1 million jobs.
Prof. Osinbanjo in a statement issued by his media aide, Laolu Akande, stated that with the release of about N288 billion from N500 billion budgeted for the program, jobs have been saved and more created.
He added that construction of over 4000 kilometre of both federal and rural roads which presently at around 30 percent completion have been initiated from the commencement of the ESP program some months ago.
These were some of the highlights emerging from today’s meeting of the Economic Sustainability Committee presided over by Vice President Yemi Osinbajo, SAN, at the Presidential Villa.
While noting the considerable progress recorded, Prof. Osinbajo who presided over the Friday’s meeting of the Economic Sustainability Committee, acknowledged the determination of President Buhari to look out for the Nigerian people.
The VP urged members of the committee “to bear in mind that the vast majority of our people are not allowed to suffer.”
The statement disclosed that: “Ministers and heads of agencies executing the Buhari administration’s ESP reported significant improvement in the implementation of the plan, as the FG ramps up funding for projects across sectors to impact more Nigerians”.
The VP further explained that: “Under the Survival Fund scheme specifically, 1.3 million jobs have been saved, and another 774,000 jobs created from the Public Works Programme. This is apart from the total 26,021 jobs created from construction and rehabilitation works.
Other highlights include the release of 100% (i.e. N5bn) appropriation for the COVID-19 Aviation intervention; 50% funding (N26bn) for the Public Works scheme hiring 774,000 persons across the country, among others”.
According to the statement: “In digital skills support for youth and women, anchored by the Federal Ministry of Communications and Digital Economy, Minister of State for Budget and National Planning, Mr Clem Agba reported that N1.5b which is 50% of the amount appropriated for the scheme primarily targeted for job creation has been released to the ministry.
Mr Agba added that priority program for the intervention is the training of 600 youths (100 from each of the 6 geo-political zones) on VSAT technologies who will also be supported with laptops and stipends”.
“The Minister noted that the Federal Ministry of Women Affairs has received N625 million (representing 50% of appropriated funds) to implement an empowerment scheme for women through capacity building in innovation and vocational training,” Office of the VP stated.
Osinbajo: FG’s Economic Sustainability Plan has helped saved 2m jobs, others