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.
Donate to support Freshreporters=>https://freshreporters.com/support
Join our Telegram Channel=>https://t.me/freshreporters
Like our Facebook Page=> https://facebook.com/freshreporters
Join our WhatsApp Group=> http://bit.ly/3sAh4zf
Follow Us on Twitter=>https://twitter.com/freshreporters
Join Our FACEBOOK GROUP=> https://bit.ly/3ilsqm1
Follow Us on Instagram=>https://instagram.com/freshreporters
Subscribe to our YouTube Channel=> https://bit.ly/3bLfnJj
For publication of your news content, articles, videos or any other news worthy materials, please send a mail to thefreshrepo [email protected]
For Advert and other info, you can send a WhatsApp Message to +2347050565443
Join thousands of readers to receive daily Latest News:
PROMO SALES!!! Get cheap WRISTWATCH, SHADES & BRACELET collections😘💃