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

China Dazzles the World with Its Spring Festival

Olalekan A. BabatundeAs the lunar calendar ushered in the...

FCT Area Council Polls: AMAC PDP Chairmanship Candidate Steps Down For APC Candidate

By Joyce Remi- BabayejuAhead of the Federal Capital Territory...

Stephen Keshi Stadium to Host BIPOGA Football Final as Zone 10 Face Zone 4

By Anne AzukaThe final of the male football event...

Kaduna Gov Uba Sani Pledges No Demolition Without Compensation

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

Manchester City F.C. & Crystal Palace F.C.: Could They Still Play in Gameweek 31?

As things currently stand, Manchester City and Crystal Palace...

Arewa Forum condemns media trial on Justice Tsoho

The Arewa Renaissance Forum (ARF) has condemned in strong...

FG Pledges Action on Environmental Challenges in Oil-Producing Communities

By Francis WilfredThe Federal Government has reaffirmed its...

Tinubu: N98bn Disbursed to Strengthen Primary Healthcare Centres Nationwide

By Francis WilfredPresident Bola Ahmed Tinubu says more...

Kano High Court Sentences Woman to Seven Years for N5.6m Fraud

By Francis WilfredThe Kano State High Court has...

EFCC Arraigns Three NRC Officials Over Alleged ₦2.04bn Money Laundering in Lagos

By Francis WilfredThe Economic and Financial Crimes Commission...

Related Articles

Popular Categories

spot_imgspot_img