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

Over 2,000 PDP, Labour Party Members Defect to APC in Plateau

By Israel Adamu, JosThe All Progressives Congress (APC) has...

Ganduje Lauds Mariya Mahmoud’s Grassroots-Driven Empowerment Initiative in Kano

By Joyce Remi-BabayejuFormer First Lady of Kano State, Prof....

Nigeria–Türkiye Engagement Strengthens Security, Economic Cooperation

By Francis WilfredThe Federal Government has reaffirmed the strategic...

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

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

Excitement as TETFund begins construction of Abuja Leadership Centre

The Vice-Chancellor of Yakubu Gowon University (formerly the University...

Falz Slams Government Over Kwara Massacre, Cites Misplaced Priorities

Nigerian rapper and social activist Folarin Falana, popularly known...

Frederick Leonard Takes Stanley Ontop to Court Over Alleged Defamation

Nollywood actor Frederick Leonard has filed a formal petition...

SPL: Cristiano Ronaldo’s Eight Conditions to End Al-Nassr Strike Revealed

Details have emerged regarding Cristiano Ronaldo’s conditions for ending...

Turkey: Osimhen Becomes Galatasaray’s Fourth-Highest Scoring Foreign Player [Top 5]

Galatasaray striker Victor Osimhen on Sunday etched his name...

64 Kogi Polytechnic Staff Honoured by Outgoing Rector, Prof. Usman Ogbo

By Noah Ocheni, LokojaNo fewer than 64 staff members...

Future of Nigeria–China Relations: Partnership or Dependency?

By Solomon Iliya JeffreyThe relationship between Nigeria and China...

NLC warns Senate over electronic transmission of election results

The Nigeria Labour Congress (NLC) has warned that workers...

Related Articles

Popular Categories

spot_imgspot_img