₦airaland Forum

Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,158,545 members, 4,701,577 topics. Date: Thursday, 17 January 2019 at 09:55 AM

N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At - Jobs/Vacancies - Nairaland

Nairaland Forum / Nairaland / General / Jobs/Vacancies / N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At (14324 Views)

Seplat Graduate Scheme 2018 / Captain N-Power To Catch Beneficiaries Earning From Other Employment / Buhari Presidency Kicks Off Job Scheme For Half A Million Unemployed Graduates (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by MANofMEN(m): 2:59pm On Nov 13, 2018
OFFICE OF THE VICE PRESIDENT

PRESS RELEASE



N-POWER TO BECOME AFRICA’S LARGEST POST-TERTIARY JOB SCHEME, SAYS VP OSINBAJO AT ABUJA TOWN HALL MEETING

Adds: 1 Million beneficiaries targeted in next phase, FG committed to creating more opportunities for Nigerians to prosper

Following the successes recorded in the N-Power programme of the Buhari administration and the growing need for government’s direct intervention in job creation, the Federal Government will expand the N-Power scheme to accommodate 1 million beneficiaries in the next phase, according to Vice President Yemi Osinbajo, SAN.

The Vice President who stated this while responding to a variety of questions from Nigerians across different professions and persuasions, at a town hall meeting in Abuja yesterday, said the programme would become the largest post-tertiary job scheme in Africa.

According to him, “the idea of N-Power is supposed to be government’s own programme of direct employment and training. At the moment, we have taken up to 500,000 and in the next phase we are looking at another 200,000 and closely followed by another 300,000.

“In all, we will be employing up to a million, and that will be the largest post-tertiary job programme in the entire Africa. The reason why we have done this is because of the employment problems that we have, we may not be able to engage everybody but at least government must give some direct provision of jobs.”

Prof. Osinbajo explained further that though government could not pay more than the N30,000 currently paid to beneficiaries and also fix all the unemployment issues, it is working on creating the enabling environment to ensure that beneficiaries as well as other unemployed Nigerians become useful to themselves.

He said: “It is infrastructure that will create the opportunities to provide more jobs, especially through manufacturing and Industry.

“So, we are doing roads and rail, providing power; that is the way we can develop industry. We are energizing our markets at the moment, putting solar power in the markets. We have designated 300 markets, we have done Ariaria in the South East, Sabon Gari in Kano, Surat in Lagos, Isikan in Ondo, Gbagi in Oyo and we are expanding so that more people can work.”

On the need to engage more women in productive activities, Prof. Osinbajo said: “one of the ways the Buhari administration is engaging more women is through our GEEP loans.”

He said: “56% of our GEEP loans go to the women. So there is a lot of preferential advantage that we give to women and this is because women are effective managers of resources; they pay back these loans when they are given.”

Speaking on the misconceptions about the borrowing arrangements of the Buhari administration, the Vice President said, the country, under President Buhari, was not in a terribly bad debt situation as insinuated in some quarters.

According to him, very frequently you find people creating fear about the issue of debt and saying that this government has borrowed more than previous governments.

“I want to give you the facts and figures on the debt issue. The dollar denominated debts of Nigeria – that is the debts of the Federal Government, the States and Local governments.

“In 2010, Nigeria’s debt was $35 billion; 2011, it was $41billion; in 2012, it was $48 billion, in 2013, it became $64 billion; 2014, it rose to $67 billion; 2015, it fell to $63 billion; 2016, $57 billion; 2017, $70 billion; 2018, it is $73 billion. So, the difference between 2015 and now is $10 billion.

“One of the things that I always want you to bear in mind is that when oil prices are at their highest, between 2010 and 2014 that was when we had the sharpest rise in debts.”

Continuing on the debt issue, Prof. Osinbajo said “the other thing that I want us to bear in mind is what is called debt to GDP. Our debt to GDP is one of the lowest among the countries that are frequently compared to us. Our debt to GDP is 20%. When you compare it to other countries, you will see that Ghana is about 68% whereas Ethiopia’s is 48%. In terms of the size of our economy and debt, we are doing okay”

He, however, agreed that “Nigeria may have an issue with debt to revenue”, noting that “we are not collecting enough revenue compared to what we want to spend.”

“Are we collecting enough taxes? If you look at the FIRS figures, it says 914 Nigerians pay the self-assessed tax of more than N10 million. Of the 914, 912 live in Lagos and the other 2 live in Ogun state, no other Nigerian outside of Lagos and Ogun pay the self-assessed tax of more than N10 million. So, we are simply not collecting enough revenue,” he added.

The Vice President said the Federal Government in collaboration with the States was working on harmonizing tax collections in order to address issues relating to multiple collection of taxes.

He said: “this is a problem that we are dealing with all across Nigeria. It is one of the issues we are dealing with under the ease of doing business. We are addressing the sub-national. How we can harmonize taxes. The second phase of our ease of doing business is focused on the collection of multiple taxes; there is no reason why that should continue.”

On the ASUU strike, the Vice President said that government is engaging the leadership of the union, noting that “the next meeting is on Thursday, November 15, 2018”.

He, however, explained that “we are dealing with a population of about 200 million people who depend on a budget of about N8.6 trillion and of that amount, 70% of it goes to salaries and overheads, and it goes to less than 2 million people. It is impossible to answer to all of the monetary needs of people by the size of the federal budget”.

On healthcare financing, Prof. Osinbajo said the Buhari administration has done much even as it has earned 60% less than the previous administrations.

According to him, “the first thing to bear in mind is that health care financing has suffered over the years even when we were earning the most money, we were underfunding healthcare.

“In 2015 when we came in, the healthcare budget was N22.7 billion and as of today we moved that to N86.5 billion and we are earning 60% less. Education was N23 billion in 2015, now it is N102 billion. The issue really is one of government commitment. For the first time, in the 2018 budget, we are setting aside 1% of our consolidated revenue to the health sector.”

Earlier, the Ministers of Power, Works and Housing, Mr Babatunde Fashola; Industry, Trade and investment, Dr. Okey Enelamah; Transportation, Mr. Rotimi Amaechi; and Agriculture, Dr. Audu Ogbe, responded separately to issues relating to their various ministries.

The town hall meeting was organized by Act Now, a non-political group that works in promoting transparency and good governance as well as youth participation in governance.



Laolu Akande

Senior Special Assistant to the President on Media & Publicity

Office of the Vice President

13th November, 2018

9 Likes 7 Shares

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by Chieftroller(m): 3:03pm On Nov 13, 2018
shocked
Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by SolutionMee: 3:09pm On Nov 13, 2018
Chieftroller:
shocked
cheesy
N-Power or Poverty power?
N-Power means a negative power. It means a poverty power and employment annihilated power.
How can a government be this wicked? How did they manage to rejoice over rewarding their fellow countrymen with a penny that's less than a hundred dollars.

42 Likes

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by eleojo23: 3:10pm On Nov 13, 2018
Largest job scheme in Africa? shocked grin

14 Likes 1 Share

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by janeIBfashion(f): 3:11pm On Nov 13, 2018
the most functioning and fair programme


I am benefiting. ........

43 Likes 9 Shares

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by OkaNaUbe(m): 3:11pm On Nov 13, 2018
cheesy Oga small small.

1 Like

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by NwanyiAwkaetiti(f): 3:11pm On Nov 13, 2018
Scam.

Only Zombies will believe.

17 Likes 1 Share

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by Temple1288(m): 3:11pm On Nov 13, 2018
Ori-Power.

3 Likes

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by scopusng(m): 3:11pm On Nov 13, 2018
Nonsense. Mtcheeew

1 Like

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by patogist: 3:11pm On Nov 13, 2018
Thank God you said to become. Which is an impossible desire.

3 Likes

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by 3millionia: 3:12pm On Nov 13, 2018
N-Power modern slavery



You know you know cool

10 Likes

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by stano2(m): 3:12pm On Nov 13, 2018
Each time i read anything coming from a Nigerian politician I just hiss and get annoyed. They are all failures.

They are bragging with N Power, ASUU is on strike.
Their children school overseas, after that they come back for juicy positions kept aside for them.

They economic situation is worst, they poor are becoming poorer, they ones comfortable are no longer comfortable.

I saw people queuing, struggling to get 500naira being shared by politicians, see their plans working out, they are already testing how well they have made things so difficult for people, they are testing their money power to buy votes next year.

Do not sell your vote.

15 Likes 1 Share

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by chiedozie198100: 3:12pm On Nov 13, 2018
u sure say them never clone this man too?

16 Likes 1 Share

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by GreatSuccess: 3:12pm On Nov 13, 2018
N-power kwa?? Abeg Oga VP, how??

3 Likes

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by ekestic1976: 3:13pm On Nov 13, 2018
My President Muhammadu Ajisefinni OlaOluwa LoveJoy Buhari is working. God bless all the men and women of goodwill who seek the good of Nigeria our Jerusalem. May they all be around when Nigeria's night become DAY, Amen.

2 Likes 1 Share

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by ebuka440: 3:13pm On Nov 13, 2018
We no longer need N-power, we need ATIKUGENTAMYCIN-POWER

5 Likes

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by osemoses1234(m): 3:13pm On Nov 13, 2018
Ole rice bring back our rice
Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by jeromeoke(m): 3:14pm On Nov 13, 2018
buhari must go

3 Likes

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by arantess(m): 3:14pm On Nov 13, 2018
This man sef
Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by BruncleZuma: 3:14pm On Nov 13, 2018
grin grin grin grin
Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by Femich18(m): 3:14pm On Nov 13, 2018
Scam..Keep deceiving the gullible Mofos..They will never learn

3 Likes

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by Firefire(m): 3:14pm On Nov 13, 2018
Fraudulent shortman. Keep deceiving your brainwashed followers.

1 Like

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by maestroferddi: 3:14pm On Nov 13, 2018
You say this man is a Pastor?

Where did he learn this skill to lie smoothly/glibly without breaking sweat?
Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by obonujoker(m): 3:15pm On Nov 13, 2018
Are your children beneficiaries of N-power sir??

5 Likes

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by Almunjid(m): 3:15pm On Nov 13, 2018
Some Nairalanders are not active at all, so we have decided to remove some of these members who are not active at all. If you hear ur name on the audio below that means we are going to remove u.

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by Gangster1ms: 3:15pm On Nov 13, 2018
Lies everyday
Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by Chieftroller(m): 3:15pm On Nov 13, 2018
SolutionMee:

cheesy
N-Power or poverty power?


Lmao

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by GlorifiedTunde(m): 3:16pm On Nov 13, 2018
Beneficiaries are thanking the govt. while non beneficiaries (who are broke and jobless) are complaining.

15 Likes 4 Shares

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by Thinkfree(m): 3:16pm On Nov 13, 2018
with or without Npower I vote you guys over the eastern criminals.

5 Likes 2 Shares

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by dam2000: 3:16pm On Nov 13, 2018
Africa largest scammer scheme

2 Likes 1 Share

Re: N-power To Become Africa’s Largest Post-tertiary Job Scheme, Says Vp Osinbajo At by PHILipu1(m): 3:17pm On Nov 13, 2018
After all this noise by my IPOB people, Buhari and Osinbajo will win 2019 election with landslide.

11 Likes 3 Shares

(1) (2) (3) (4) (Reply)

S S S Recruiting Test / What Do Recruiters Look For In A Resumé At First Glance? / Flour Mills Of Nigeria Latest Job Recruitment

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 104
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.