Connect with us

Nigeria

HOW VP RECEIVES ESP UPDATE, AS MDAS REPORT PROGRESS WITH OVER 2 MILLION JOBS SAVED, CREATED SO FAR

Published

on

-*NSIA to fund Solar Power Naija with N10B as part of 5m households’ connections target_

-*250,000 new business names registered, certificates issued all free of charge_

Advertisement

-*All States on course to get N1.7B minimum from Survival Fund, Lagos, Kano & Abia ahead._

-*Thousands of farmer-exporters trained in food safety, many received international certifications_

In the first meeting of the Economic Sustainability Committee in 2022, federal ministers and heads of agencies have reported further progress in the implementation of the Economic Sustainability Plan of the Buhari Administration as Vice President Yemi Osinbajo, SAN, presided over a virtual meeting of the Committee today at the Presidential Villa.

Advertisement

It would be recalled that in response to the fallout of the COVID-19 pandemic, President Muhammadu Buhari had in June 2020, mandated the Vice President – as chair of the Economic Sustainability Committee, to coordinate the implementation of the ESP aimed at cushioning the economic effects of the global pandemic.

Highlights of the presentations by MDAs today include the report that about 2.1 million jobs have been retained or created through the implementation of the ESP programmes; and the approval of N10bn by the Nigeria Sovereign Investment Authority (NSIA) to fund the deployment and local assembly of 200,000 (off-grid) Solar Homes Systems under the “Solar Power Naija” partnership between both the NSIA and Rural Electrification Agency (REA).

In the presentation on the Survival Fund made by the Industry, Trade and Investment Minister of State, Ambassador Mariam Katagum, she disclosed that while all States of the Federation have received varying levels of the N75B Survival Fund with its different schemes, eventually each State would soon receive a minimum of N1.7B cumulative from all the schemes.

Advertisement

Lagos, Abia and Kano States have already crossed the bar, with Lagos reaching over N2.5B and Kano over N2B. No State so far has received anything less than N1B.

In his presentation, the Minister of State, Budget & National Planning, Clem Agba, disclosed that while about 1.3 million jobs were retained through the MSME and Payroll support, 774,000 jobs were created from the Public Works Programme and 26,021 jobs from roads construction /rehabilitation.

In the same vein, the Committee was briefed that over 1.1 million Nigerians have benefitted from the different schemes under the ESP MSME Survival Fund, thereby saving millions of jobs. A breakdown showed there are 459,334 beneficiaries under the Payroll Support Scheme; 307,687 beneficiaries from the Artisan & Transport Scheme.

Advertisement

Similarly, 82,491 Nigerians are so far beneficiaries of the General MSME Grants Scheme, and another 17,468 of the Guaranteed Offtake Scheme. Also, 250,000 business names were registered free under the Survival Fund’s CAC Formalization Support Scheme.

Also, under the Solar Power Naija programme, the Managing Director/CEO of Rural Electrification Agency (REA), Ahmad Salihijo, briefed the Committee that another 60,000 SHS are expected to be delivered in the first quarter of 2022 under the NDPHC-A-solar partnership, with at least 10,000 units to be assembled locally. This is besides the 200,000 solar connections to be funded by NSIA.

The ESP Solar Naija programme is designed to provide electricity access to 5 million households, and will serve about 25 million Nigerians in rural areas and under-served urban communities nationwide.

Advertisement

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, noted that the Rapid Response Register (RRR) component under the ESP has since commenced, with 374,759 beneficiaries paid so far, and another 391,185 Nigerians earmarked for payment soon.

The RRR is designed as an intervention to cushion the economic shocks of the COVID-19 pandemic on urban poor Nigerians currently not benefitting from the federal government’s cash transfer programme.

Regarding the progress of the Export Expansion Facility Programme (EEFP) component of the ESP, 281 companies have benefitted from the COVID-grant relief, while 1,105 companies are beneficiaries under the Export Development Fund (EDF), among other milestones.

Advertisement

While the EEFP aims to protect export businesses from the effects of the COVID-19 pandemic, and also safeguard jobs, the EDF is a statutory provision of the Nigeria Export Promotion Council and is being activated for the first time in the history of the Council under the ESP.

Also as part of the ESP, 100 MSMEs exporters have been listed on Amazon, the world’s largest e-commerce platform. The NEPC under the ESP also trained 4500 farmers & exporters on food safety and international standards, while 700 of them have now received international certification which only less than 50 had in Nigeria before now.

Besides, 8 new Domestic Export Warehouses are currently being built, including in Lagos, Port Harcourt, Kaduna and Abuja to ease supply chain constraints for exporters in the country.

Advertisement

*Laolu Akande,*
*Senior Special Assistant to the President on Media & Publicity,*
*Office of the Vice President.*

Advertisement

Nigeria

Funds expended on political campaigns in Nigeria is now a critical component of Nigerian corruption…Otunba Opeyemi Agbaje,Chairman Afenifere Ogun state

Published

on

 

The Ogun state Chairman of Afenifere,a vibrant and active social Political group,Otunba Opeyemi Agbaje spoke extensively with our News medium on INEC’s demand for all candidates to declare their bank assets prior to the 2023 General elections and other concerned issues.

Advertisement

In his words on INEC and Party Candidates Bank assets,he said “My first concern is what is INEC’s definition of “bank assets?” Is it just bank account balances or more than that? If its just bank account balances, I doubt what practical use such information will be to INEC.

Secondly, I wonder whether INEC has the legal authority to request candidates to declare their “bank assets”. Yes the agency is authorised to monitor campaign expenditure but does that ipso facto confer on them the power to request bank balances? I’m not so sure of that. Code of Conduct Bureau and perhaps EFCC or ICPC may have such authority but its not clear that INEC does.”

Responding to the commission’s move to establish a finance monitoring teams,Otunba Opeyemi Agbaje says, “It is desirable and proper for INEC to establish mechanisms to monitor campaign finance and expenditure. The funds expended on political campaigns in Nigeria have become unreasonably huge and is now a critical component of Nigerian corruption and political dysfunction. I support any lawful effort to constrain and control this issue within the ambit of the law.”

Advertisement

The Ogun State Afenifere chairman emphasized that The EFCC and Deposit Money Banks have the responsibility to report suspicious financial transactions and he support leveraging this mechanism to monitor campaign finances…

“The Constitution guarantees freedom of association to all Nigerians so I can understand as many parties as possible seeking INEC registration. As a practical matter of course I recognise the operational, logistics and political difficulties inherent in having too many political parties. Nevertheless I believe every legitimate and conscientious political tendency should have the right to express themselves through a political party.”Otunba Agbaje maintained.

“I am excited at the news that youths and students top new voters registrations. I urge all youths, students, professionals, workers and indeed all Nigerians who are yet to register to do so. We can aim to register 12 million additional voters before the General Elections and take new registrations to over 20million!!! I know that’s an ambitious target but we need ambitious objectives and goals if we must reform and transform Nigeria.The Youths deserves encouragement to take up challenges and prepare for the future.

Advertisement

Presently, Afenifere Social Political group is made up of very active, focused and visionary youths with their membership growing by the day,”he added

Advertisement
Continue Reading
Advertisement

Facebook

Featured

News16 hours ago

Her Majesty,Queen Josephine Diete-Spiff licensed as Lay reader in Anglican Communion,Niger Delta Diocese

  The Anglican Communion ,Niger Diocese under the spiritual leadership of His Grace,Bishop Ralph Ebirien licensed Her Majesty,Queen Dame Josephine...

News2 days ago

RT. Hon. Alban Bagbin Styled in Traditional Kente in Parliamentary Sitting

RT. Hon. Alban Bagbin Styled in Traditional Kente in Parliamentary Sitting Ghana’s speaker of Parliament Rt. Hon. Alban Sumana Kingsford...

Sports3 days ago

Covid Hit- Tunisia Denies Nigeria AFCON Hope With 1-0 Defeat

Covid Hit- Tunisia Denies Nigeria AFCON Hope With 1-0 Defeat The super eagles of Nigeria are out of the 33rd...

News5 days ago

Ghana to play Nigeria at Play Off Round in 2022 World Cup Qualifiers

Ghana to play Nigeria at Play Off Round in 2022 World Cup Qualifiers Ghana set to play Nigeria in the...

Nigeria5 days ago

Funds expended on political campaigns in Nigeria is now a critical component of Nigerian corruption…Otunba Opeyemi Agbaje,Chairman Afenifere Ogun state

  The Ogun state Chairman of Afenifere,a vibrant and active social Political group,Otunba Opeyemi Agbaje spoke extensively with our News...

News5 days ago

Milovan Rajevac Sacked As Black Stars Head Coach

Milovan Rajevac Sacked As Black Stars Head Coach The Ghana Football Association (GFA) has sacked the senior men’s soccer team...

Nigeria5 days ago

Nigeria 2023 Presidential Candidate: PDP Unsettle Over Afenifere, Ohanaeze Threats

  The threats by socio-cultural groups, Afenifere and Ohanaeze Ndigbo, that any political party that presents a northerner as its...

Nigeria6 days ago

African Youth Parliament Honors Ambassador Olawale Abass With Award Of Excellence

The African Youth Parliament (AYP) has honored the Chief Executive Officer of Unique Hanukkah Enterprises, AMB. ABDULAZEEZ OLAWALE ABASS JNR...

Nigeria6 days ago

I Have Adopted Open Governance Model, There Won’t Be Fanfare At My Inauguration – Soludo

Anambra State Governor-Elect, Prof. Charles Chukwuma Soludo, on Thursday, said that there won’t be fanfare during his inauguration on March...

News6 days ago

Ivory Coast vs Egypt, Nigeria vs Tunisia And Other Round of 16 Fixtures

Ivory Coast vs Egypt, Nigeria vs Tunisia And Other Round of 16 Fixtures The African Cup Of Nation has reached...

Advertisement

Trending