The states of Lagos, Kano and Abia are the main beneficiaries of the Federal Government’s Survival Fund, receiving respectively 2.5 billion naira, 2 billion naira and 1.7 billion naira.
This was the culmination of a presentation made by Minister of State for Industry, Trade and Investment, Mariam Katagum, at the first meeting of the Economic Sustainability Committee in 2022.
Senior Special Assistant to the Vice President for Media and Publicity Laolu Akande revealed in a statement Monday evening titled “Vice President Receives ESP Update, As MDAs Report Progress with more than 2 million jobs created, created so far “.
In the presentation on the Survival Fund, Katagum revealed that although all states in the Federation have received varying levels of the N75 billion Survival Fund with its various programs, each state will soon receive a minimum of 1.7 billion. billion naira cumulated from all programs.
She also revealed that the states of Lagos, Abia and Kano had crossed the bar, with Lagos reaching over 2.5 billion naira and Kano over 2 billion naira. No state has so far received anything less than N1bn.
Vice President Yemi Osinbajo, who chaired the Committee’s virtual meeting on Monday at the Presidential Villa, received reports from federal ministers and heads of agencies on progress made in implementing the regime’s Economic Sustainability Plan Buhari.
MDAs’ presentations at Monday’s meeting include the report that around 2.1 million jobs have been retained or created through the implementation of ESP programs; and the approval of 10 billion naira by the Nigeria Sovereign Investment Authority to finance the deployment and local assembly of 200,000 solar house systems (off-grid) under the “Solar PowerNaija” partnership between NSIA and the NSIA. Rural electrification agency.
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