Vice President Yemi Osinbajo, said the federal government is now looking at how to possibly enlarge the scope of social investment and do more for its citizens, stating that the government has done a lot on conditional transfers, especially within the context of social investment policies since coronavirus broke out in the country.
While speaking at a virtual conference entitled “How Africa’s Informal Sector Reacts to COVID-19”, organized by Africa.com on Wednesday in Abuja, the vice President emphasized that providing support for small businesses in the informal sector should be a priority for all economies aiming at lessening any adverse effect of the pandemic on the economy.
In a statement by Osinbajo’s aide, Laolu Akande, the vice President said;
We have done a lot on conditional transfers, especially within the context of our social investment policies, but we are now looking at how to possibly enlarge the scope of that and do more.
We are looking beyond using cash transfers as if it were some incentive for staying at home.
Aside from the lockdown, just the disruption in the economy has meant that the daily paid worker simply has no means of working and many laid off.
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