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

Court Sentences Former NEXIM Bank MD Orya to 490 Years for N2.4bn Fraud

The Federal Capital Territory High Court in Abuja has...

Ex-Benue governor Suswam joins APC as PDP says he was already expelled

Former Benue State Governor and ex-senator, Gabriel Suswam, has...

Senate rejects mandatory electronic transmission of election results

The Senate has rejected a proposed amendment seeking to...

Why I Fought With My Wife Natasha in London — 2Baba Opens Up

Nigerian music icon Innocent Idibia, popularly known as 2Baba,...

EFCC Arraigns Alleged Fake Investor Over $525,276 Fraud in Uyo

By Francis WilfredThe Economic and Financial Crimes Commission (EFCC),...

CIBN Commends Gov. Otti on Economic Growth, Poverty Reduction in Abia

The Chartered Institute of Bankers of Nigeria (CIBN) has...

Senator Monguno Launches ₦250 Million Mega Empowerment Programme for 2,500 Constituents

The Senator representing Borno North Senatorial District, Chief...

Royal Father Calls for Unity in Nigerian Basketball as Stakeholders Seek Lasting Peace

Prominent basketball promoter and initiator of the Mark D...

Insecurity: Kogi Govt Orders Temporary Closure of Markets, Motor Parks

From Noah Ocheni, LokojaThe Kogi State Government has ordered...

Ododo Says Prof. Salisu Ogbo’s Achievements Earned Him VC Appointment

Kogi State Governor, Alhaji Ahmed Usman Ododo, has said...

Insecurity: Kogi Government Orders Temporary Closure of Markets, Motor Parks in Kogi West

The Kogi State Government has ordered the temporary closure...

Related Articles

Popular Categories

spot_imgspot_img