{"id":22617,"date":"2020-06-26T13:35:34","date_gmt":"2020-06-26T13:35:34","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=22617"},"modified":"2020-06-26T13:35:41","modified_gmt":"2020-06-26T13:35:41","slug":"post-covid-19-economic-recovery-plan-will-save-create-5m-jobs-nigeria-govt","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=22617","title":{"rendered":"Post-COVID-19 economic recovery plan will save, create 5m jobs \u2013Nigeria govt"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/i3.wp.com\/www.ripplesnigeria.com\/wp-content\/uploads\/2020\/06\/Richard-Adebayo-Minister-of-Industry-Trade-and-Investment.jpg\" alt=\"Post-COVID-19 economic recovery plan will save, create 5m jobs \u2013Nigeria govt\"\/><\/figure>\n\n\n\n<p>The Nigerian government has said its post-COVID-19 recovery plan will both save and generate about five million jobs.<\/p>\n\n\n\n<p>Richard Adebayo, the Minister of Industry, Trade and Investment disclosed in a statement issued on Thursday and signed by Julius Toba-Jegede, his Special Assistant on Media and Productivity, that plans were in progress to save 1.4 million jobs of Nigerian citizens.<\/p>\n\n\n\n<p>\u201cThese interventions will save and create about five million jobs, support continued operations, and increase production capacity in priority sectors, as well as protect MSMEs from the shocks of the&nbsp;<a href=\"https:\/\/www.ripplesnigeria.com\/tag\/COVID-19\/\">COVID-19 pandemic<\/a>.<\/p>\n\n\n\n<p>\u201cWe expect that the Survival Fund will save 1.4 million jobs across the country with 40 per cent of them in the female-owned MSMEs and 10 per cent in businesses owned by persons with special needs,\u201d he said.<\/p>\n\n\n\n<p>He stated that the decision was part of his ministry\u2019s contribution in playing a prime role in the Nigerian government\u2019s delivery of real sector interventions as contained in its economic sustainability plan following the coronavirus outbreak.<\/p>\n\n\n\n<p>Mr Adebayo noted that three programmes had been put in place to achieve the plan and listed them as the MSME Survival Fund, Credit Support to MSMEs and Guaranteed Off-take Stimulus Scheme.<\/p>\n\n\n\n<p>\u201cThe Guaranteed Offtatake Stimulus Scheme\u2019s objective is to protect jobs, stimulate economic activities across the country and protect the income of vulnerable MSMEs by guaranteeing offtake of items produced by these businesses. The scheme will save an additional 300,000 jobs in MSMEs nationwide.<\/p>\n\n\n\n<p>\u201cThe Credit Support to MSMEs and Priority Sector will provide affordable finance to key sectors impacted by the pandemic and enable an increase in manufacturing capacity in priority sectors. This scheme will save and create an additional three million jobs and will be implemented through N50 billion MSME de-risking facility, N100 billion intervention fund for priority sectors.\u201d<\/p>\n\n\n\n<p>He identified the sectors as agro-processing, healthcare, creative industry, local oil and gas, and exports.<\/p>\n\n\n\n<p>The minister mentioned that there would be N150 billion Capitalisation Fund and a N50 billion Export Expansion Facility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian government has said its post-COVID-19 recovery plan will both save and generate about five million jobs. Richard Adebayo, the Minister of Industry, Trade and Investment disclosed in a statement issued on Thursday and signed by Julius Toba-Jegede, his Special Assistant on Media and Productivity, that plans were in progress to save 1.4 million [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[20],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Post-COVID-19 economic recovery plan will save, create 5m jobs \u2013Nigeria govt &raquo; WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=22617\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=22617#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Employment\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=20\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Post-COVID-19 economic recovery plan will save, create 5m jobs \u2013Nigeria govt\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Post-COVID-19 economic recovery plan will save, create 5m jobs \u2013Nigeria govt &raquo; WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=22617","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=22617#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Employment","item":"https:\/\/watchdogplusmedia.com\/?cat=20"},{"@type":"ListItem","position":3,"name":"Post-COVID-19 economic recovery plan will save, create 5m jobs \u2013Nigeria govt"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=20\" rel=\"category\">Employment<\/a>","rttpg_excerpt":"The Nigerian government has said its post-COVID-19 recovery plan will both save and generate about five million jobs. Richard Adebayo, the Minister of Industry, Trade and Investment disclosed in a statement issued on Thursday and signed by Julius Toba-Jegede, his Special Assistant on Media and Productivity, that plans were in progress to save 1.4 million&hellip;","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/22617"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22617"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/22617\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}