The federal government has rolled out a plan to get the economy back on track after the COVID-19 pandemic.
The federal government has rolled out a plan to get the economy back on track after theThe pandemic affected the price of oil, the mainstay of Nigeria’s revenue. This led to the reworking of the 2020 budget by the executive arm of government to reflect the current economic realities.Also, President Muhammadu Buhari set up the economic sustainability committee chaired by Vice President Yemi Osinbajo to find ways to get the economy back on track following the economic havoc wreaked by COVID-19.
The committee suggests that five million jobs be created from the agricultural sector owing to the “we must produce what we eat” belief of the president. “The intention is for the project to create 5 million jobs by focusing on increasing land under cultivation with state governments contributing between 20,000 to 100,000 hectares from a combination of aggregated smallholder farms and utilization of abandoned states farm settlements and agricultural projects,” the report said.“The project will span the entire agricultural value chain, from ‘farm to table’ as it were.
“National efforts in this regard are hinged on four key priorities, namely, boosting the response to the COVID-19 pandemic, ensuring access of every Nigerian to qualitative health services based on the prioritisation of primary health care, building preparedness for the threat posed by infectious diseases and boosting local research and development efforts aimed at the production of medical and pharmaceutical resources,” it said.
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