x

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

Bayelsa Assembly Aspirant Calls for Rotational Equity in Yenagoa Constituency

An All Progressives Congress (APC) aspirant for the Bayelsa...

ECWA Urges Members to Participate in 2027 Elections, Raises Concerns Over Insecurity and Roads

By Israel Adamu, JosThe Evangelical Church Winning All (ECWA)...

Oborevwori Condemns Police Killing, Vows Justice For Slain Delta Youth

By Anne Azuka Delta State Governor, Rt. Hon. Sheriff Oborevwori,...

Kogi Reports Drop in Malaria Cases, Pledges Elimination Efforts

From Noah Ocheni, LokojaThe Kogi State Government says it...

Oborevwori Urges NYSC Members in Delta to Uphold Discipline, Respect Host Communities

By Anne AzukaDelta State Governor Sheriff Oborevwori has urged...

Diri Approves 108 Houses For Bayelsa Civil Servants

Governor Douye Diri of Bayelsa State has approved the...

Workers’ Day: Ododo Reaffirms Commitment to Workers’ Welfare as Labour Submits Fresh Demands

From Noah Ocheni, LokojaGovernor has reaffirmed his administration’s commitment...

Otuan Backs Dr. Tokpo for Bayelsa Assembly Seat

Leaders of the Otuan Federated Communities in Southern Ijaw...

Kaduna Gov Praises Tinubu for Approving Over N1trn Contracts to Transform State

By Achadu Gabriel, KadunaKaduna State Governor, , has commended...

Rights Group to sue Police over alleged land grabbing in Akwa Ibom

By Ogenyi Ogenyi, UyoHuman Rights lawyer and Chairman, Akwa...

Falgore Describes Workers as the Engine Room for Positive Change

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

IHR Sets Up 2026 Hajj Media Monitoring Team

By Jabiru HassanIndependent Hajj Reporters (IHR), a faith-based civil...

A’Ibom Unveils Equipment Leasing Hub to Drive Mechanised Agriculture

By Ogenyi Ogenyi, UyoGovernor Umo Eno of Akwa Ibom...

Related Articles

Popular Categories

spot_imgspot_img