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How Buhari is preparing Nigeria for post-Covid-19 prosperity — Presidency

ExpressDay by ExpressDay
May 14, 2020
in BUSINESS, NEWS, TOP STORIES
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The Presidency says that the needed steps are being taken by President Muhammadu Buhari to ensure the wellbeing of the country and her citizens after scourge of Covid-19 pandemic.

A statement issued by presidential media adviser, Femi Adesina, today said that this was essential in view of the anxiety on what the future holds for humanity post-COVID-19, particularly in respect of the economy, healthcare, job security, and general wellbeing.

He therefore listed some measures that President Muhammadu Buhari has taken, and will further take, to make life abundant for Nigerians, hoping that these would assuage some apprehensions.

According to the statement, two economic teams are already in place to secure the economy, healthcare would be boosted with local researches for disease cures while health infrastructure is scaled up, as well mass housing schemes, rural road construction programmes, and installation of residential solar systems, among other initiatives.

The statement explains that:
Ø An economic team, headed by the Minister of Finance, Budget and National Planning has been set up to examine the impact of COVID-19 on the economy.

Ø Economic Sustainability Committee headed by the Vice President to define a post-COVID-19 economy for Nigeria.

Ø Task force set up on free movement of farm produce headed by the Minister of Agriculture and Rural Development.

Ø Plans afoot to tackle weak health systems and infrastructure through establishment of standard laboratories, intensive care units, and isolation centres in all states of the Federation. The health infrastructure will eventually be recalibrated for the good of the people, and in readiness for future emergencies.

Ø As long term measure, emphasis will be placed on integrating local content in proven researches in cure, and production of materials in the heath sector.

Ø A Fiscal Sustainability Plan to complement the suite of monetary and banking interventions recently announced by the Central Bank of Nigeria.

Ø A mass agricultural programme to be put in place.

Ø Major rural road construction programme.

Ø Mass housing programme.

Ø Large scale installation of residential solar systems, utilizing mainly local materials.

Ø Expansion of the Social Investment Programme.

Ø The 2020-2022 Medium Term Expenditure Framework and the Budget 2020 assumptions and targets have already been revised.

Ø Time-sensitive expenditures are to be prioritized over less critical spending.

Ø Extant financial controls are to be strengthened to detect, eliminate and sanction instances of waste, funds misappropriation and corruption.

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