How Nigeria Can Weather Economic Challenges Posed by COVID-19 via thisdaylive
Mr. President, in the very early days of the emergence of the COVID-19 crisis, you constituted a crisis committee headed by the Hon. Minister of Finance, Budget and National Planning to look at what the impact of the COVID-19 pandemic might be on the budget and the economy.
a severe downturn in our oil earnings, as a result of which, even with oil price at 30 dollars a barrel, we would still have a shortfall of about N185 billion every month, in the amount available for allocation to the three tiers of Government; A Mass Agricultural Programme, which is expected to bring between 20,000 and 100,000 hectares of new farmland under cultivation in every State of the Federation and create millions of direct and indirect job opportunities.
Installation of Solar Home System, targeting 5 million households, serving about 25 million individual Nigerians who are currently not connected to the National Grid. support for local production and manufacturing of all that is possible, including tech apps, software, shoes, garments, steel fabrication, ceramics and furniture, with the required capital and essential machinery.
Facilitation of broadband connectivity across the country and creation of a wide variety of technology and ICT jobs.
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