Almost 60% of Nigeria’s revenue lost to COVID-19 – FG

The harsh realities of the impact of the COVID-19 pandemic is still unfolding with President Muhammadu Buhari admitting that the country’s revenues have fallen by almost 60 percent.

President Buhari’s message was delivered by Vice President Yemi Osinbajo at the start of the first-year Ministerial performance review retreat holding in Abuja.

The President also acknowledged the increase in electricity tariff to the new pump price of petrol and the falling revenue, but insists tough decisions must be taken to achieve economic sustainability.

A time to look inward and review their performance in the past year, coincidentally this comes at excatly one year after Federal ministers were sworn in and assigned portfolios in the second term of President Muhammadu
Buhari’s administration.

The outcome of this retreat, will have cabinet members either give themselves a pat on the shoulder or a smack on the wrist in carrying out the mandate to deliver on the President’s nine priority areas.

President Muhammadu Buhari in a prepared speech read by the vice president acknowledged the challenges but insists the administrations policies are all formulated and implemented to improve the quality of lives and set
Nigeria on the path of prosperity.

Mr. President attempt to explain the logic behind recent increases in electricity tarrifs and pump price of PMS may still not suffice as Nigerians and Organised labour opposed this new price regime, but the federal governmet insists these tough decisions must be made as part of its economic sustainability plan.

The secretary to the government of the federation who is also the head of cabinet says the past year have been the most productive for the Federal Executive Council.

The Ministers have been very productive since they took the oath of office, this commendation is coming from The secretary to the government of the federation.

So far council has processed more rhan 250 memos, and approved 191 . 50 out of the approved Memos are policy related while 128 are project contracts.

The federal government says it has however been unable to monitor approved projects, policies and programmes due to the lockdown caused by the COVID-19 pandemic, but reassures that this process will be accelerated.

This kind of self appraisal will help President Buhati’s administration better evaluate its service to citizens especially at a time when some of the federal government’s policies and actions have caused public outrage
and criticisms.

Hot this week

Wike Hails New ECOWAS Headquarters as Symbol of Regional Unity, Diplomacy

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike, has...

Falgore Describes Workers as the Engine Room for Positive Change

By Jabiru HassanThe Speaker of the Kano State House...

Correspondents Chapel, FCT NUJ, Hosts Public Health Awareness Conference

By Patrick WemambuCorrespondents Chapel of the Federal Capital Territory...

FG lauds A’Ibom ‘pace-setter’ Airport as maiden int’l flight takes off

By Emeka Samuel,UyoAs the Victor Attah International Airport kick-starts...

Rehabilitation Works at Amuwo 132/33kV Transmission Substation in Progress – TCN

By Jabiru HassanThe Transmission Company of Nigeria (TCN) has...

WAPP Chairman Pushes Urgent Reforms to Strengthen Regional Power Market

By Jabiru HassanThe Chairman of the Executive Board of...

Insecurity: Kaduna Gov Inaugurates State’s New Committee to Enhance Security

…Tagged Disarmament, Demobilisation and ReintegrationBy Achadu Gabriel, KadunaGovernor Uba...

EFCC Re-arraigns Lawyer for Alleged N91 Million Land Fraud in Enugu

By Francis WilfredThe Enugu Zonal Directorate of the Economic...

Three Years of Tinubu’s Macroeconomics Targets 

Adefolarin A. Olamilekan As the year 2026 unfold, the global...

Omo-Agege Cautions Oborevwori Against Reigniting Political Tension, Says 2023 Rivalry Is Over

By Anne AzukaFormer Deputy Senate President, Ovie Omo-Agege, has...

Kaduna Marks World Press Freedom Day, Reaffirms Commitment to Media Independence

By Achadu Gabriel, KadunaKaduna State has reaffirmed its commitment...

Related Articles

Popular Categories

spot_imgspot_img