• Home
  • About
  • Blog
  • Advertise
  • Contact
No Result
View All Result
Ideasgist
NEWSLETTER
  • Home
  • MediaHot
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • TechnologyNew
  • NewsTrending
    • Politics
    • local
    • world
  • Sport
  • Entertainment
    • Media
  • Lifestyle
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
  • Home
  • MediaHot
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • TechnologyNew
  • NewsTrending
    • Politics
    • local
    • world
  • Sport
  • Entertainment
    • Media
  • Lifestyle
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
No Result
View All Result
Ideasgist
No Result
View All Result
Home News

Many Nigerians Have Received Grants – Osinbajo Updates Buhari On ESP

by Oluwaseyi Olaniyi
January 6, 2021
in News, local
Reading Time: 3min read
A A
Many Nigerians Have Received Grants – Osinbajo Updates Buhari On ESP

President Muhammadu Buhari, on Tuesday at the Presidential Villa, Abuja, received Vice President Yemi Osinbajo, who updated him on the progress so far in the implementation of the Economic Sustainability Plan (ESP).

Osinbajo’s spokesman, Laolu Akande, in a statement, said it was the duo’s first official meeting for the year.


Buhari had in 2020 mandated Osinbajo, as chair of the Economic Sustainability Committee (ESC), to coordinate the implementation of the ESP aimed at cushioning the economic effects of the COVID-19 pandemic.

Osinbajo said that three months into the implementation of different components of the ESP: MSMEs Survival Fund; Solar Home System, Social Housing Scheme, among others, Nigerians across different sectors had been impacted.

AlsoRead:

DPO, Senior Police Officers Fired For Allowing Night Clubbing In Violation Of COVID-19 Curfew

NDLEA Uncovered Cocaine Stashed At Anambra Monarch’s Palace

Young Man Smiles As He Bags Jail Term Over A $50 Fraud In Ibadan

He explained that under MSMEs Survival Fund, more Nigerians had received Transport Grants, Payroll Support payments and Artisans.

“For the Payroll Support track of the Survival Fund, a total of 277,628 beneficiaries drawn from 56,575 businesses have now been paid.


“This total number includes the batch of 20,614 beneficiaries recently paid for October and 257,014 beneficiaries that were paid for November and December.

“A breakdown of the 257,014 beneficiaries shows that N30, 000 each was paid to 222,466 beneficiaries as November and December payments while N50, 000 each was paid to 34,548 beneficiaries as November and December salaries.

“Out of the total number, three per cent are beneficiaries with special needs, while 43 per cent are female employees/beneficiaries,’’ he revealed.


The vice president disclosed that the enumeration of prospective beneficiaries for the Transport Support Track, which was launched last December, was still ongoing.

He said that payment of N30,000 each, to 333,000 artisans across Nigeria is in progress with payments already made to verified beneficiaries in states under streams 1, 2, and 3.

Osinbajo mentioned the states as FCT, Lagos, Ondo, Kaduna, Borno, Kano, Anambra, Abia, Bauchi, Delta and Plateau under stream 1.

Others are Taraba, Bayelsa, Edo, Ogun, Kwara, Enugu, and Ebonyi, Adamawa, Ekiti, Katsina, Kebbi and Kogi under stream 2.

Also, Akwa-Ibom, Yobe, Sokoto, Nasarawa, Niger, Imo, Oyo, Osun, Jigawa, Cross River, Zamfara, Benue and Gombe under stream 3.

According to Osinbajo, the Solar Home System aimed at connecting 5million households in off-grid and underserved communities to electricity was ongoing.

“The process of installing N140billion Solar Home System that will cover up to five million households has begun and served about twenty-five million individuals in rural areas, and urban communities has begun with the enlistment of solar assembling companies and components manufacturers as well as solar servicing firms.

Under the scheme, the Central Bank of Nigeria (CBN) will make available funds to private companies involved in the manufacture, installation, servicing of the solar systems, at rates ranging between five and 10 per cent.

“An important aspect of the scheme is the option of outright ownership by beneficiaries at a cost ranging from N1,500 per week to N4,000 monthly depending on the capacities, for a period of years,’’ he said.

The vice president also said that the plan by the Federal Government to support 1.5 million Nigerians to acquire low-cost houses under the Social Housing programme of the ESP was on course.

He said that the portal for application by prospective beneficiaries was launched in December 2020 alongside the prototype 1-bedroom and 2-bedroom units.

More so, the vice president held a virtual meeting with the management of the North-East Humanitarian and Innovation Hub (NEHIH).

Osinbajo pledged the support of the Federal Government and the National Economic Council (NEC) in the establishment of a Social Innovation and Research Institute (SIRI), an initiative of NEHIH aimed at developing skills and building capacity for social innovation.

He said that the idea of establishing a centre for social innovation as conceived by the NEHIH was commendable.


Follow Ideasgist Now on Facebook and Twitter. Also join in for Latest News, Tech News, Media and lot more.

SUBSCRIBE TO OUR NEWSLETTER





Tags: grantsNigeriansosinbajo
ShareTweetSendShare
Oluwaseyi Olaniyi

Oluwaseyi Olaniyi

Related Posts

UK Approves Work Permit for Nigerians, Other Graduate Students
News

UK Approves Work Permit for Nigerians, Other Graduate Students

March 8, 2021
President Buhari Experienced No Side Effects After COVID-19 Vaccination, Presidency Says
News

President Buhari Experienced No Side Effects After COVID-19 Vaccination, Presidency Says

March 7, 2021
N3.8bn Missing In Ministry of Health, NAFDAC
News

I Beg You All To Get COVID-19 Vaccination – President Buhari

March 6, 2021
Buhari, Osinbajo To Take COVID-19 Vaccine On Live Television
News

Buhari, Osinbajo To Get COVID-19 Vaccine On Saturday

March 2, 2021
Fulani Kidnappers In Ondo Use Generators , Play Music Inside The Forest
News

Miyetti Allah Says Herdsmen Carrying Guns On Social Media Are Photoshopped

March 1, 2021
Nigerians Are Not Appreciative; I Was Ambushed 3 Times By Boko Haram – Buratai
News

Nigerians Are Not Appreciative; I Was Ambushed 3 Times By Boko Haram – Buratai

February 28, 2021
Load More
  • Trending
  • Comments
  • Latest
How to block your bank account with code if ATM card is stolen

How to block your bank account with code if ATM card is stolen

November 24, 2020
EFCC Probe: Tinubu Shouldn’t Expect Any Support From Us – Afenifere

EFCC Probe: Tinubu Shouldn’t Expect Any Support From Us – Afenifere

March 4, 2021
Obafemi Martins Reacts To CDQ & Burna Boy’s Drama

Obafemi Martins Reacts To CDQ & Burna Boy’s Drama

March 3, 2021

FRESHERS: How To Check Your Matriculation Number

May 3, 2019
Nigerian Man Abroad Donates Family House To Christ Embassy, Renders Family Members Homeless

Nigerian Man Abroad Donates Family House To Christ Embassy, Renders Family Members Homeless

March 1, 2021
How to block your bank account with code if ATM card is stolen

How to pay for subscription (DSTV, GOTV) with GTBank

December 1, 2020

Job vacancy: Client Service Executive

December 15, 2019
CDQ Blows Hot, Call Out Burna Boy And His Boys For Disrespecting Obafemi Martins

Rapper CDQ Stabbed By Burna Boy’s Squad Over Obafemi Martins Drama

March 3, 2021
mapoly

Does Mapoly accept second choice?

December 13, 2020
Bella Shmurda – Dangbana Orisa (Download Music MP3)

Bella Shmurda – Dangbana Orisa (Download Music MP3)

January 12, 2021
Police Deny Negligence In David’s Death, Say Young Engineer Was Already Dead When They Found Him

DPO, Senior Police Officers Fired For Allowing Night Clubbing In Violation Of COVID-19 Curfew

March 9, 2021
CAF Cancels U-17 African Cup Of Nations

CAF Cancels U-17 African Cup Of Nations

March 9, 2021
NDLEA Uncovered Cocaine Stashed At Anambra Monarch’s Palace

NDLEA Uncovered Cocaine Stashed At Anambra Monarch’s Palace

March 9, 2021
Young Man Smiles As He Bags Jail Term Over A $50 Fraud In Ibadan

Young Man Smiles As He Bags Jail Term Over A $50 Fraud In Ibadan

March 9, 2021
We Made ₦400 Million From Change Of Birth Dates In One Year – JAMB Registrar

We Made ₦400 Million From Change Of Birth Dates In One Year – JAMB Registrar

March 9, 2021
Chelsea Beat Everton To Bolster Top-four Spot, Extend Tuchel’s Unbeaten Streak

Chelsea Beat Everton To Bolster Top-four Spot, Extend Tuchel’s Unbeaten Streak

March 8, 2021
First All-Female Mechanic Shop Opens In Sokoto (Photos)

First All-Female Mechanic Shop Opens In Sokoto (Photos)

March 8, 2021
UK Approves Work Permit for Nigerians, Other Graduate Students

UK Approves Work Permit for Nigerians, Other Graduate Students

March 8, 2021
Nigerian Army Approves New Postings And Appointments

Nigerian Army Approves New Postings And Appointments

March 8, 2021
How Conspiracy Landed Me In Prison – Deputy Superintendent Of Police

How Conspiracy Landed Me In Prison – Deputy Superintendent Of Police

March 8, 2021
Facebook Instagram Twitter Youtube

An online media website for latest news and updates in Technology, Business, Education, Sports, Politics, Entertainment, Health, Fashion...and many more.

About

  • Advertise
  • Contact
  • Newsletter

Quick Links

  • Privacy
  • Terms of Use
  • DMCA

Ideasgist © 2021 - Website designed by Ideasbeams.

No Result
View All Result
  • Home
  • Media
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Technology
  • News
    • Politics
    • local
    • world
  • Sport
  • Entertainment
    • Media
  • Lifestyle
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job

Ideasgist © 2021 - Website designed by Ideasbeams.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?