The Senior special Adviser to the Vice President, Mr. Laolu on Channels TV’s Sunrise Daily stated that the ESP was a plan that was designed by the President who asked the Vice President, Prof. Yemi Osinbajo to head the Sustainability Committee, the report which was released in June and has since been approved by the President and FEC.
“The specific sources that is funding the ESP are; from the 2020 budget where we got around 500 billion Naira and the rest would be from CBN lending structures and facilities and a few other concessionary international loans. This has managed to capture how this project would be funded very clearly and that is why we are now moving to the implementation phase.”
“The Plan aims to within the space of 12 months; try to ameliorate the fallout of the impact of Covid19 on the economy by injecting 2.3 trillion Naira into the economy to prevent a bigger recession. There are several Initiatives and measures within this plan designed to help the Average Nigerian.
Specifically, I would like to talk about what we have for the MSMEs. From next week we are going to start the Survival Fund which is but one part of the plan and for all information as regards who qualifies Nigerians can visit survivalfund.ng”
From Next week, the site survivalfund.ng would be opened for Nigerians who have MSMEs, Nigerians who are Transport workers, artisans, plumbers, electricians, private school teachers, and all other kinds of categories that Nigerians can benefit from.
A good portion of the sustainability plan would be happening at the state level, for example we have 30 -35 thousand slots earmarked for each state to benefit from the payroll support. As for the Agric section you mentioned, we already have about 12 – 15 states that are in agreement to make additional land available to farming, so that the plan to bring in about 5million jobs is already making progress, Mr. Akande added.
“We have enumerated 5million small farm holders across the country already and the plan is that the bigger companies that did the enumeration would be getting a lot of financing again at very reasonable rates to provide them with equipments, seeds, fertilizer etc and at the end of the day to also off-take whatever it is that they produce and already we have a very robust plan for the Government to be the off-taker of last resort.”