Vice President Yemi Osinabjo stated President Muhammadu Buhari’s administration has been serving to Nigerians to deal with the financial shock attributable to COVID-19
He spoke at a digital Chatham Home interactive session on Tuesday themed: “Priorities for Nigeria’s Submit-COVID Restoration”.
Osinbajo highlighted the impression of the Financial Sustainability Plan (ESP) as an important pivot in serving to the nation reply to the fallouts of the pandemic.
He stated the federal government’s first precedence was to guard individuals and their livelihoods in response to the fallout of the pandemic.
Osinbajo famous that the ESP’s Survival Fund is defending jobs and guaranteeing that casual employees had been in a position to earn some wages.
The VP stated by the Survival Fund scheme, over 300,000 beneficiaries, in addition to companies have been supported in the course of the pandemic.
He listed provision of salaries for 3 months for beneficiaries, together with non-public college academics, artisans, street transporters, taxi cab operators, and business tricycle operators within the city areas.
“We additionally sought to guard essentially the most susceptible. What we did was to supply direct money transfers to the city poor, a lot of them who’re captured in a social register.
“Within the first section of that, we’re in a position to profit about 1 million beneficiaries. We at the moment are able utilizing the identical social register to scale up the programme to about 20 million beneficiaries”, he added.