Vice President Yemi Osinbajo, on Tuesday, decried the increasing economic hardship in the country, caused by the Covid-19 pandemic,
He therefore, charged the relevant Ministers and other Public Officials to expedite action on the N2.3 trillion stimulus package put together by the Federal Government, to mitigate the effects of the pandemic on the economy.
The Vice President, according to a statement issued by his Senior Special Assistant on Media and Publicity, Laolu Akande, said this at the First Year Ministerial Performance Review Retreat, which held at the Aso Rock Presidential Villa, Abuja.
His words: “We are already in Day 67, since the plan; nothing is going to happen by magic, we have to simply do this stuff.
“We have to ensure that we have the money, and ensure that day by day, we are measuring our achievements and trying to ensure that we do the things that we need to do. And we simply are not favoured by time, every single day the poverty situation and the economic distortions deepen.
“The only way out of the current problem is to fund production, enable consumer spending, so that people can go and buy things, and we to put money in people’s hands.”
He said that under the Mass Agriculture Programme, the government has enumerated 4 million farmers.
Vice President Osinbajo also revealed that the government would build 300,000 homes across the country, under the mass housing programme.
“Agriculture requiring N637.2 billion funding, will provide 5,000,000 jobs, the solar power project funding requirement is N152.4 billion, and will provide 250,000 jobs, the mass housing programme with a funding requirement of N217.3 billion, is expected to create 1,500,000 jobs, while public works funding is N52 billion, to provide 774,000 jobs, and N100 billion is required to provide 500,000 jobs in the SMEs.”
More news later…
