Connect with us

News

Economic plan saved 1.3 million jobs, says FG

Published

on

The Economic Sustainability Plan introduced by the Federal Government to cushion the effect of COVID-19 helped to save 1.3 million jobs.

The Minister of State for Budget and National Planning, Prince Clem Agba, said this during a town hall engagement in Lagos with the beneficiaries of the programmes and projects implemented under the ESP.

He said, “The ESP projects and programmes commenced in July 2020 and were scheduled to be completed in one year. As of today, the ESP has delivered many positive results particularly in the area of job creation.

“In specific terms, the ESP has saved about 1.3 million jobs through the micro, small and medium-scale enterprises and payroll support.”

He said the engagement was important and timely, as it was expected to deepen government and citizens’ partnership in the implementation of projects and programmes for enhancing the livelihood and welfare of the citizens.

The minister recalled that the ESP was conceptualised by the Federal Government to mitigate the impacts of the COVID-19 pandemic and the effects of a deep recession that the country experienced as a result of the pandemic-induced economic shutdown.

He noted that the pandemic caused massive job losses and supply chains disruption with negative implications for the economy.

He disclosed that some of the plans under the ESP included the allocation of N250bn to support small scale businesses; creation of 774,000 jobs through the public works programme under the National Directorate of Employment, and the generation of 26,021 jobs from construction/rehabilitation of federal roads under Federal Roads Maintenance Agency.

Copyright PUNCH.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News2 hours ago

Factional delegate lists threaten APC convention, party may back govs

News2 hours ago

Not always the problem

News2 hours ago

A spouse’s negative mindset can ruin your marriage

News2 hours ago

Girls, manifest your dreams in 2022 and shine like a star (II)

News2 hours ago

What you should know about fibroids and fertility

News2 hours ago

Sickle cell and narrow-mindedness

News2 hours ago

Despite getting me musical instrument, voice coach, dad disowned me for choosing music as career –Panam Percy Paul

News2 hours ago

Nigerian Idol winner excites guests, new judges unveiled

News2 hours ago

children ‘breadwinners’ forced to abandon school, risk sexual harassment to support families

News2 hours ago

Adekunle Gold holds listening session for new album

News2 hours ago

I suspect boyfriend took my daughter’s blood for ritual after killing her – Edo man

News2 hours ago

Poetry helped me master songwriting – M.Dikoy

News2 hours ago

NCDC orders mandatory COVID-19 test for travellers, 18,000 cases recorded

News2 hours ago

How violent gang stabbed my brother to death during Enugu church bazaar – Lagos-based man

News2 hours ago

It feels great to be honoured by Queen of England — Gospel singer, Muyiwa Olarewaju

News2 hours ago

I’m contesting APC chairmanship, not presidency – Sheriff

News2 hours ago

Many people too proud to start over again — JJC Skillz

News2 hours ago

W’Cup: Optimism as Eagles know playoff foes today

News2 hours ago

Why I don’t flaunt my family on social media — Kiekie

News2 hours ago

Travellers panic over Lagos-Ibadan highway kidnappings, Oyo, Ogun go after gunmen

News18 hours ago

Kano orders closure of school kidnappers buried abducted girl

News17 hours ago

World economic group partners NIPC on investment migration

News19 hours ago

Pictorial: Alaafin’s daughter bags Master’s degree from UNILAG, tops class

Politics15 hours ago

Court issues last warning to Immigration lawyer over refusal to release Ex-Gov Odili’s seized passport

Entertainment16 hours ago

“The teacher who kidnapped and killed Hanifa Abubakar was full of tears when he visited the family to console them over the abduction” – Uncle of the deceased recounts

Entertainment18 hours ago

Adorable new photos of BBNaija star, TBoss and her daughter

Technology22 hours ago

Crypto.com Hacked, Over $30 Million Stolen by Hackers

Business News14 hours ago

Lagos Eyes 500-Hectare Coconut Plantation Estate

Business News13 hours ago

Bolarinwa Emerges ACAMB President, Vows to Reposition Group

Entertainment17 hours ago

Nigerian woman allegedly threatens to deal with her husband after he married their housemaid (audio)

Politics12 hours ago

COVID-19: Oyo govt distributes first aid kits to 250 BESDA learning centres

Metro20 hours ago

Man Marries His Maid Because His Wife Is Busy Businesswoman (See Photos)

News23 hours ago

Otedola promises Eagles N102m to win AFCON

Business News15 hours ago

OPEC May Slash Nigeria’s Oil Production Quota

Health13 hours ago

Best Eating Habits to Reverse Prediabetes, Say Dietitians

Entertainment15 hours ago

“You wan go hustle footballer” – BBNaija’s Esther trolled for going to Cameroon to support Super Eagles

Entertainment16 hours ago

Wizkid’s third baby mama, Jada P sparks pregnancy rumours in new photo

Politics11 hours ago

Civil society protests in Benin over planned hike in fuel price, electricity tariff

Politics11 hours ago

Plateau Verification Committee uncovers 709 civil servants with false ages

Entertainment14 hours ago

Twitter Bants : How to protect your Destiny if you want to sleep with a Sugar Mommy

Trending