Tuesday, April 23, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Lai speaks on only regret under Buhari

Lai speaks on only regret under Buhari
December 22
18:25 2020

Lai Mohammed, minister of information, says his only regret in the current administration is that Nigerians do not appreciate how much the government is doing with little resources.

Speaking at a special forum of NAN in Abuja on Tuesday, Mohammed said no government in the history of Nigeria has implemented programmes alleviating poverty among women and vulnerable groups like the Buhari administration has done.

He said even with the drop in revenue, the government has not retrenched anyone from their job.

“My regret in this government is that Nigerians have failed to appreciate that the government is doing much more with much less,” he said.

Advertisement

“2010 to 2014 crude oil was selling from 100 dollars to 140 dollars per barrel, but the highest we have sold since we came in is 60 dollars.

“Sometimes at the peak of COVID-19 pandemic, we were even paying for storage because nobody wanted to take our crude.

“With the drop in revenues and security challenges this government has not retrenched one person but put in place programmes to cushion the effects of the pandemic.”

Advertisement

Mohammed said Nigerians do not give enough credit to the government for its various intervention programs such as the school feeding program and the conditional cash transfer programme.

He said the N-power initiative targeted at the youths has engaged 500,000 beneficiaries with 400,000 added from December.

The minister also made reference to the MSMEs survival fund aimed at giving the enterprises grants to enable them meet their payroll obligations and safeguard jobs from the shocks of COVID-19.

“This includes the payroll support for businesses in health, education, hospitality and food production sectors targeting 500,000 beneficiaries,” he said

Advertisement

“The One-Off payment to support self-employed individuals like mechanics and drivers, hair dressers, Keke Napep and Okada riders, plumbers and electricians with a one-time payment of N30,000 for 333,000 beneficiaries.

“Formalisation support where Federal Government will register 250,000 new businesses with the Corporate Affairs Commission at no cost to MSMEs.

“General MSMEs grants which provides N50,000 to an additional 100,000 MSMEs as well as Guaranteed Offtake Stimulus Scheme which aimed to stimulate direct local production in the 36 states and the FCT.”

Advertisement

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

1 Comment

  1. Usman Na-Allah Maigatari
    Usman Na-Allah Maigatari December 23, 07:33

    The honourable minister with due respect, your office is not up and doing in terms of enlightening Nigerians on what PMB is doing for the country in terms of the social and infrastructural developments despite the lean resources it has inherited.
    To me you were more active while in opposition.
    My humble advise is for your Ministry to come out and tell Nigerians the achievements of Mr. President in all aspects..
    Thank you, May Allah bless FRN and may He protect and guide our leaders, Amin.

    Reply to this comment

Write a Comment

error: Content is protected from copying.