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

CWAI Commends Federal Fire Service CG Olumode for Strategic Direction, Institutional Reforms

The Citizens Watch Advocacy Initiative (CWAI) has praised the...

VeryDarkMan Claims DSS Contact Over Alleged Protest Plot, Criticises Tinubu Administration

Nigerian social commentator Martins Otse, popularly known as VeryDarkMan,...

PTDF Says New Kaduna Petroleum College Will Reduce Overseas Scholarship Costs

The Petroleum Technology Development Fund (PTDF) says the establishment...

​FCTA to takeover Jikwoyi Collapsed land, Prosecute Owner

By Joyce Remi- BabayejuThe Federal Capital Territory Administration (FCTA)...

EFCC Arrests Alleged Fake Football Agent Over N11m Fraud

By Francis WilfredThe Economic and Financial Crimes Commission...

KEDCO Commissions 11kV Feeder to Boost Industrial Power Supply in Kano

The Kano Electricity Distribution Company (KEDCO) has commissioned an...

Delta Government Highlights Infrastructure Push as Driver of Growth and Stability

The Delta State Government says its ongoing infrastructure development...

Delta Partners Energy Firms to Improve Power Supply, Targets Expanded Electricity Access

Delta State Governor Sheriff Oborevwori has reaffirmed plans to...

2027: Ex-PDP Candidate Muhammed Ibrahim Explains Defection to SDP

A former Peoples Democratic Party (PDP) candidate in Nasarawa...

LASUTH Cites Destroyed DNA Samples in Pelumi Onifade Inquest as Lawyers Raise Concerns

The Lagos State University Teaching Hospital (LASUTH) has told...

Akwa Ibom Assembly Passes Mental Health Bill to Reform Care Services

The Akwa Ibom State House of Assembly has passed...

A’Ibom Assembly passes landmark Mental Health Bill

A'Ibom Assembly passes landmark Mental Health BillBy Ogenyi Ogenyi,UyoAkwa...

Related Articles

Popular Categories

spot_imgspot_img