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

ADC Crisis: Party Faction Petitions US Embassy Over Leadership Dispute

By Francis WilfredA faction of the African Democratic...

APC Youth Group in North-East Endorses Nentawe Yilwatda for Second Term as Chairman

The APC North-East Youth Vanguard has endorsed the re-election...

A’Ibom youths protest non- employment, marginalisation in oil palm firm

By Ogenyi Ogenyi, UyoNo fewer than 100 youths from...

2027: Police warn against planned 2milliion-man rally in A’ibom

By Ogenyi Ogenyi, UyoThe Akwa Ibom State Police Command...

EFCC Arraigns Man Over Alleged ₦9.87m Theft in Lagos Court

By Francis WilfredThe Economic and Financial Crimes Commission...

Wike Allocates Land to FCT Traditional Rulers, Waives all Land Proccessing Fees

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

HAJJ 2026: FCT MPWB Intending Pilgrims Orientation Exercise Begins Weekend

By Joyce Remi- BabayejuThe FCT Muslim Pilgrims Welfare Board...

Rising Anti-Foreign Protests Put Nigerians at Risk in South Africa

By Abdul Mahmoud YayaleTensions are once again rising...

PDP Screens Candidates Ahead of Convention, Signals Continuity in National Leadership

The Peoples Democratic Party (PDP) has begun screening aspirants...

Kogi Governor Calls for Objective Journalism to Strengthen Good Governance

Governor Ahmed Usman Ododo has urged journalists in Kogi...

TCN, NISO, KEDCO Strengthen Partnership to Improve Power Supply in Kano

The Transmission Company of Nigeria (TCN), in collaboration with...

Igoche Mark Seeks ABU Partnership to Expand Basketball Scholarships

Renowned basketball promoter Igoche Mark is exploring a partnership...

EFCC Memo Alleges $5m Telecoms Fraud Involving Afreximbank, FCMB and Others

Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission...

Related Articles

Popular Categories

spot_imgspot_img