Aug 9, 2022

Mawazo Writing Africa

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Survival Fund: Lagos, Kano Tops Federal Government’s Beneficiaries List – Legit.ng

  • The states of Lagos and Kano would benefit more from the federal government’s survival fund
  • This development was announced by the Minister of State for Industry, Trade and Investment, Mariam Katagum and confirmed by Vice President Yemi Osinbajo’s Special Assistant
  • Katagum further indicated that each state would soon receive at least N1.7 billion cumulative from all programs < / li>

Minister of State for Industry, Trade and Investment Mariam Katagum recently announced that the states of Lagos, Kano and Abia are the major beneficiaries of the federal government’s survival fund, the N 2.5 billion, N 2 billion and N 1.7 billion respectively.

This disclosure was the culmination of a presentation by the Minister at the first meeting of the Economic Committee Sustainability in 2022.

The Punch reports that Senior Specialist Assistant to the Vice President’s Media and Public Relations, Laolu Akande, announced this on Monday, January 10th, in a statement titled “VP Receives ESP Update , as MDAs report on progress with over 2 million saved jobs that have been created so far. ”p>

The presentation

Katagum announced in the presentation on the Survival Fund That all states have different amounts of the N75 billion Survival Fund with its different Finally, every state would soon be at least 1.7 billion. The states of Kano had exceeded the bar, with Lagos over N 2.5 billion and Kano over N 2 billion. No state has received less than N1 billion so far.

VP Yemi Osinbajo receives report

Vice President Yemi Osinbajo, the virtual meeting of the. Executive Committee on Monday in the presidential villa, received reports from federal ministers and heads of agencies on the progress made in implementing the Buhari government’s economic sustainability plan.

Qualification for the FG small business survival loan

This is a question on many people’s lips as the deadly virus not only caused a global health crisis, but brought the world economy to its knees.

To answer the question, the Nigerian government has just announced two major social intervention programs:

Nigeria’s debts have tripled in seven years, says activist

In another development, human rights activist Chidi Odinkalu said that Nigeria’s debt profile has tripled in the past seven years, that is, since Muhammadu Buhari took up the saddle as Nigerian president

Odinkalu said so in a tweet but didn’t say that he only provided undated chat from the Nigeria Bureau of Statistics (NBS).

Odinkalu may not be an economist, but available data from the Debt Management Office (DMO) indicates that Nigeria’s debt profile has recently risen to around N35.65 trillion due to increased borrowing by the Buhari government is.