The President said the country’s revenues and foreign exchange earnings have fallen by almost 60 percent since the pandemic took hold.
Buhari’s remarks were delivered by Vice President Yemi Osinbajo at the start of the first-year Ministerial performance review retreat holding in Abuja.
“For the government, it has been a particularly trying time,” Buhari said. “As a result of the poor fortunes of the oil sector, our revenues and foreign exchange earnings have fallen drastically. Our revenues have fallen by almost 60 percent.
“Yet we have had to sustain expenditures, especially on salaries and capital projects, in order to keep the economy going.”
The pandemic forced many economies across the world to shut down, drastically reducing the demand for crude oil, Nigeria’s main export foreign exchange earner.
The President said his administration adopted a N2.3 trillion economic sustainability plan to mitigate the effect of the economic slowdown.
The plan, which consists of fiscal, monetary, and sectoral measures, is expected “to enhance local production, support businesses, retain and create jobs and provide succor to Nigerians, especially the most vulnerable.”
“But we have also had to take some difficult decisions to stop unsustainable practices that were weighing the economy down,” he said.
‘Government Not Insensitive’
President Buhari’s speech on Monday was delivered amid concerns raised by several groups in the country over increases in the price of fuel and electricity tariffs in the country.
“This government is not insensitive to the condition of our people and the very difficult economic situation and we will not inflict hardship on our people,” the President said.
He directed Ministers and senior administration officials to swiftly implement the Economic Sustainability Plan (ESP) to give succor to Nigerians.
“In this regard, the Central Bank of Nigeria (CBN) has created credit facilities (of up to N100B) for the Healthcare (N100 Billion) and Manufacturing (N1 Trillion) sectors,” Buhari said.
“From January 2020 to date, over N191.87B has already been disbursed for 76 real sectors projects under the N1Trillion Real Sector Scheme; while 34 Healthcare projects have been funded to the tune of N37.159B under the Healthcare Sector Intervention Facility.
“The facilities are meant to address some of the infrastructural gap in the healthcare and manufacturing sector as a fall out to the COVID-19 pandemic and to facilitate the attainment of the Governors 5-year strategic plan.”
Honoree and celebrant,CGI Muhammad Babandede MFR (Rtd), His Excellency, Spanish Ambassador to Nigeria,Marcelino Cabanas Ansorena and Country Representative of Guild of Civil Societies and Media Executives for Equity,Justice and Transparency in Nigeria(GOCMEJ),Omoba Kenneth Aigbegbele,during the Grand Red Carpet Reception and Special Conferment of Lifetime Achievement Award on the former CGI recently at Abuja.
Defence Intelligence Agency Conducts Defence Advisers /Attaches Annual Conference
The Defence Intelligence Agency(DIA) is conducting Defence Advisers/Attachés Annual Conference and Maiden Retreat for the 2021 with the theme” Advancing Counter Terrorism Efforts Through Enhanced Inter-Agency Cooperation: A Whole of Government Approach”. The event is scheduled to hold from 8-13 November 2021 at Headquarters Defence Intelligence Agency and Nigerian Army Resource Centre (NARC), Asokoro Abuja respectively.
This is According to a press statement signed by Major Joseph Afolashade, Acting Assistant Director Defence Intelligence Agency and made available to the press.
Joseph said the event is one of the veritable platforms designed by the Agency to examine and re-appraise Nigeria’s Defence Advisers/Attachés and foreign defence relations. It will also assist in articulating new strategies in intelligence gathering.
“The event will no doubt be the first in the annals of the Agency since it’s establishment. This is owing to the fact that no platform was created for institutional reflections on its activities with a view to measuring the attainment of its core mandate.
It is against this background that Agency is holding this conference to effectively galvanize inputs in view of the myriads of security challenges facing the nation.
It will also provide an avenue for self-examination mechanism for optimal performance.
This is in line with the policy directive of the President, Commander- in -Chief of the Armed Forces Federal Republic of Nigeria, Muhammadu Buhari GCFR on the need to look inward for workable solutions to the myriads of challenges facing the nation”.
“It is in pursuant of this objective, that the Agency is organising it’s maiden Retreat to provide a forum to appraise the activities of the various Defence Sections as well as brainstorm to proffer new strategies in attaining the core mandate of the Agency.
The Conference and Retreat are therefore considered as milestone events in the activities of the Agency that would engender interactions with past Directors of the Agency, former Chiefs of Defence Intelligence and senior intelligence practitioners in the Country”. he said
CCD Executive Director Bags Patriotic Leadership Award
The Executive Director of Centre for Citizens with Disabilities; Mr David Obinna Anyaele on the 5th of November , 2021 bagged the patriotic leadership award presented to him by the African Voice magazine in recognition of his contribution to humanity and his course to promote inclusion for over 31 million persons with disabilities in Nigeria.
The entourage was led by Mr. Ebenezer Ogunleye, CEO of African Voice Magazine. Others on the entourage are; Diana Omueza, Olawale Oladipupo and Gami Tadanyigbe.
The Award was presented by Mr. Ebenezer Ogunleye who praised the Executive Director for his passion, zeal and commitment to issues and plights that concerns humanity, particularly in his push to make sure that the disability bill was passed into law in 2019. He went further to allude, to the fact that the Executive Director is a worthy recipient and was selected and nominated by worthy Nigerians for the Award.
The Executive Director, talked about the historical journey of the creation of CCD in 2002, he maintained that he remains committed to disability issues, and that he receives the award, on behalf of CCD Board of trustees, staff and volunteers nationwide. He thanked the African Voice Magazine for finding it worthy to give an award to a genuine course.
In attendance also were CCD Staff; Mrs Peace Ezekiel, Ubong Daniel and Humphrey Ukeaja.
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