Vice President Osinbajo Reveals Real Cause Of Recession - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Vice President Osinbajo Reveals Real Cause Of Recession (651 Views)
| Vice President Osinbajo Reveals Real Cause Of Recession by Nobody: 5:25pm On Oct 11, 2016 |
Implementation plans for the
effective commencement of a number
of the Social Investment programmes
of the Buhari presidency has reached
advanced stages as the selection of
the first 200,000 unemployed
graduates to get jobs is now being
completed.
Speaking with a small group of Radio
journalists and producers at the
Presidential Villa, Vice President Yemi
Osinbajo, SAN disclosed that “we
expect that before the end of the
month, we will engage 200,000,” out
of the 500,000 unemployed graduates
the Buhari administration plans to
hire in the N-Power jobs programme.
According to him, the direct
government jobs is meant “to keep
this young people occupied, pay them
some amount of money and also give
them a device, which will also help
them to learn several skills that they
can develop as time goes on.”
Prof. Osinbajo added that “we expect
that before the end of this month, we
should have engaged 200,000 of them
and we are hoping that before the end
of the year we should have engaged
more.” |
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by Nobody: 5:27pm On Oct 11, 2016 |
Similarly, Prof. Osinbajo disclosed
that the Home-Grown School Feeding
programme is set to kick off in
several states this month.
“Definitely before the end of this
month, we expect that several states
would have come on stream with their
Home-grown School Feeding
Programmes,” the Vice President
noted.
He added that the Home-Grown
School Feeding programme “will
energise agriculture in the different
states because it is what you plant
that you feed the children with, we
will be hiring caterers, cooks, etc in
each state because it will be Federal
Government funded from Primaries
1-3 and the state governments
hopefully would be able to cater for
the other classes.”
According to the Vice President, the
Home-Grown School Feeding
programme is another section of the
Social Investment programmes that
impact directly on the lives of
Nigerian children and families. He said
several states will start implementing
the Home-grown School Feeding
Programme before the end of
October.
Equally he stated that the Micro-
Credit scheme for which the Buhari
administration will give very low-cost
loans to more than one million
Nigerian artisans, traders, market
women and other ranging from
N60,000 to N100,000 would also be
kicking off this month.
According to him, “for women across
the country, we are giving loans,
micro credit loans to about 1.5 million
women. We are focusing on market
women and artisans, loans between
N60,000 and 100,000 each. We are
working through the Bank of Industry,
BOI. They are going to be giving out
these loans, we‘ve already identified
the banks and everybody who is
involved in this. We should be
flagging-off hopefully before the end
of this month”
Such soft loans to the artisans, traders
and market women, according to him,
is meant “to boost their businesses.”
The Vice President reassured
Nigerians that the current Federal
Government led by President
Muhammadu Buhari is well focused on
ameliorating the plight of the citizens
of the country, observing that the
administration feels the pains of the
citizens and is committed to assuaging
them.
Said he: “We fully understand and
appreciate the situation of things in
the country and we are committed to
ensuring that that pain is assuaged.
The President stated that clearly in
his October 1st broadcast to the
nation. All his life, he has been a
salary earner, he has never been a
businessman, so he understands why
someone who earns a salary and even
those who do not, are severely
challenged at this time of economic
recession such as we are
experiencing.”
On the economy, Vice President
Osinbajo said government is
committed to developing it, to enable
citizens find opportunities within the
country.
“I want to assure Nigerians that the
government of President Buhari is a
very focused and determined
government. We are committed to
ensuring that we are able to develop
the Nigerian economy in such a way
that Nigerians are able to find
opportunities in their own country,” he
said.
He listed the ‘Made in Nigeria’ project,
moving away from import
dependence, boosting agriculture, and
encouraging manufacturing as some
of the urgent actions being pursued by
government in order to move the
country forward.
The Vice President also emphasized
the Buhari administration’s zero
tolerance for corruption, as corruption
is “the major drain on the country’s
resources” adding that “no one would
be spared in the fight against
corruption because, even the close
friends of the President know that
they will not be spared, he will not
cover for them. Fighting corruption is
a priority,” he stressed. |
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by Nobody: 5:28pm On Oct 11, 2016 |
On the current recession, the Vice
President said the fall in oil prices and
pipeline vandalism were the
immediate causes of the recession,
thus reducing drastically, the
country’s revenue. But he assured
that government will adequately
manage the little being realised now.
“We were producing up to 2.2 million
barrels a day but all of a sudden, the
vandalization of our terminals caused
us to loose up to a million barrels a
day.
“So when you loose up to 60% of your
revenue or even more, there must be
a shock because you are really
earning very little and we will ensure
that that very little that we are
earning is as well managed as
possible,” he said. |
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by Nobody: 5:29pm On Oct 11, 2016 |
lalasticlala |
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by Caseless: 5:34pm On Oct 11, 2016 |
This government is on course. |
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by Nobody: 5:38pm On Oct 11, 2016 |
I just confirmed that this government is SCAM. Useless government. |
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by ever811(m): 5:39pm On Oct 11, 2016 |
Oga VP and APC government, my advice to you guys....
|
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by Nobody: 5:46pm On Oct 11, 2016 |
cc: mynd44 |
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by Liability(m): 6:03pm On Oct 11, 2016 |
Afonjas r deceiving themselves. El rufai is buhari's vice president not 'osinbade'. |
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by vanbonattel: 6:06pm On Oct 11, 2016 |
Story story...... |
| Re: Vice President Osinbajo Reveals Real Cause Of Recession by vanbonattel: 6:07pm On Oct 11, 2016 |
Caseless:On course to ruin the nation. |
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