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From Aidoghie Paulinus, Abuja
The Federal Government, has asked Nigerians to exercise patience and optimism in the face of the current economic hardship, saying that Nigeria will eventually emerge stronger and more prosperous.
Minister of Information and National Orientation, Mohammed Idris, made the call while briefing journalists in Abuja.
Idris outlined the various interventions made by the government to cushion the effect of the crisis, saying that no serious government seeks to inflict burdens on its people.
The interventions, according to Idris, included a provisional wage increment of N35, 000 monthly for six months to enhance federal minimum wage without causing undue inflation; establishment of an Infrastructure Support Fund for states to invest in critical areas that will create an enabling environment for businesses; launch of N100 billion CNG bus rollout programme to deliver CNG-powered buses, and establishment of a presidential committee to drive implementation; signing of no fewer than five executive orders aimed at improving Nigeria’s business and fiscal environment, and increasing foreign exchange supply; establishment of a Presidential Fiscal Policy and Tax Reform Committee to reform the tax system, while also reducing tax burden on Nigerians.
Idris also said the government is finalising the process for payment of a Cash Transfer of N25, 000 monthly to 15 million of the poorest and most vulnerable households in Nigeria for three months.
“Against this backdrop of multifaceted government interventions and commitment, I want to appeal to Nigerians to please exercise patience and optimism that Nigeria will emerge from this chapter stronger and more prosperous,” he stated.
