The promised one-meal-a-day for all primary
school pupils will create jobs in agriculture,
including poultry, catering and delivery services,
attracting investment of N980 billion, Vice
President Yemi Osinbajo said, Wednesday.
Osinbajo, who was speaking at the ongoing 45th
Annual Accounting Conference of the Institute of
Chartered Accountants of Nigeria (ICAN), in
Abuja, on the topic “Repositioning Nigeria for
Sustainable Development: From Rhetoric to
Performance,” said the school feeding programme
would create increase in job, food production as
well as investment.
According to a statement released by the senior
special assistant to the vice president, Laoulu
Akande, after the event that held at the
International Conference Centre in Abuja, the
multiplier effects of the introduction of the scheme
include, 1.14 million new jobs; increased food
production – up to 530,000mt/pa; attracting
investor by investment – up to N980 billion.
President Muhammadu Buhari and the All
Progressives Congress (APC) had during the
presidential campaign tour in January, promised a
one meal per day for primary school pupils across
the country.
Osinbajo also stated that growth figures recorded
in the last three administrations, which recorded
rising oil prices, GDP and foreign reserves, did not
put a dent to poverty or unemployment levels in
the country.
He said though there were indeed seemingly good
growth figures, such figures “can be deceptive
where the structure and quality of growth are not
considered.
“So, why are most (of our people) poor despite
rising revenues and GDP growth? Our main
revenue earners, the extractive oil and gas
economy, do not by themselves create many
jobs.”
This is an irony of a top-down economic model,
he said, noting that this is what comes to bear
when the major revenue earner is extractive and
the value chain is poorly developed.
Identifying the way forward from the present
economic challenges, Osinbajo, who made a
comparative analysis of the previous
administrations, called for a social sector
investment that would mean investing in the
people, education, job creation, national school
feeding scheme, conditional cash transfer and
reflecting economies of the states as indices that
would boost the economy.
Some of these ideas have already been put in
place by the Buhari administration, including the
bailout package for the workers in the country,
some others are currently being worked out, the
Vice President said, pointing to some economic
policies the Buhari administration has adopted.
“One of the most important interventions required
in the education sector is capacity building to
improve teacher quality. This programme is
intended to drive teacher capacity development;
boost basic education; attract talents to the
teaching profession.
“Better educated population increase economic
potential for productivity,” he said.
Osinbajo also identified conditional cash transfer
as another avenue for alleviating poverty. The
programme, he said, is intended to support the 25
million poorest households to incentivise
vaccination, education and production. The
multiplier effects of the introduction of the
programme, he noted, would include: lifting
millions out of poverty; putting millions into rural
production; and boosting rural economy.
For increased investments in businesses and ease
of doing business, government needs to improve
the power sector; have one-Stop Shop for
approvals; innovation and fighting piracy;
diversifies the economy in agriculture – self-
sufficiency in rice and wheat (staples) production,
manufacturing, entertainment and technology, the
Vice President said.
He observed that despite challenges in the power
sector, “there have been measurable
improvements over the past three months (June
to August 2015)”.
He said a “26 percent increase in operational
generation capacity (June to August 15, 2015
compared to January to May 2015); decreased in
pipeline vandalism boosting gas supply; a 10%
reduction in transmission losses (June to July
2015 compared to January to May 2015);
reduction in red tape to remove delays blocking
the 450MW Azura-Edo IPP and the 500MW Exxon
Mobil Qua-Iboe IPP; the imposition of a
September 2015 deadline for the submission of
the DisCos’ revised tariff trajectories.”
Earlier, the President of ICAN, Samuel Deru,
appreciated the Vice President for his commitment
and being able to attend the programme in
person.

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http://businessdayonline.com/2015/09/one-meal-a-day-programme-for-primary-school-pupils-to-attract-n980bn-investment-osinbajo/?utm_source=&utm_medium=twitter

Looks like the VP has gone rogue. . . .
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.

I no blame the guy sha! When them sideline you from cliq, na to start yarning puaaa
Hahahahaha APC una go hear wiiiiiii
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sans commentaire....
moi ne sais comment on dit...

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kamair237:
sans commentaire....
moi ne sais comment on dit...

ojudui san painment ? Qui No vex-she Comprende? Ecoute reprete moda son fada son!

Thats just the truth.

Nice one... The fact that it creates job opportunities, that i appreciate ...

Sandydayz:
Nice one... The fact that it creates job opportunities, that i appreciate ...

Gullible Travel. . .Sorry na Guliver Travel I been wan yarn.

175:


Gullible Travel. . .Sorry na Guliver Travel I been wan yarn.

None make sense