Economy

FG Plans Support Fund for Private School teachers, Artisans

Published

on

FG to Support Private School Teachers, Artisans

In a move to cushion the effect of the COVID-19 pandemic on Nigerians, the federal government has started to create a “payroll support” for private school teachers and artisans.

This was disclosed by Prof. Yemi Osinbajo, the Vice President, at the ongoing 60th Annual General Conference of the Nigerian Bar Association on Thursday.

The Vice President said that the Federal Government was creating a “payroll support” for private school teachers and artisans to ease the harsh economic effect of the COVID-19 pandemic on them.

He also mentioned that the Federal Government had secured land in 11 states of the federation to build two-bedroom apartments for Nigerians at the cost of N2m each.

Osinbajo said the Federal Government’s efforts were to save jobs and creating new ones amid the pandemic.

Osinbajo said, “Through the Economic Sustainability Plan, the FG’s focus is to save jobs and create new ones. Similarly, there is a survival fund and payroll support for artisans, private schoolteachers and small businesses.

“We are currently compiling the data, the criteria is already set. There are plans also for other sectors including the hospitality and aviation sector.

When talking on the Federal Government’s housing plan, he said, “These houses are to be built by young engineers, architects and artisans. We hope to build thousands of two-bedroom apartments for about N2m each.

Osinbajo said despite the severe decline, Nigeria’s economy fared better when compared to other countries.

Economics like politics is local. In comparison to other economies we have fared better. We, however, recognise that there is a severe decline. The Economic Sustainability Plan is our response to that and we will focus on local industry, local resources and local production,” he said.

Comments

Trending

Exit mobile version