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2.1 million jobs created through the implementation of ESP programmes - Says federal government of Nigeria.

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On Friday the State Government concluded its first Economic Sustainability Committee in 2022, which revealed that approximately 2.1 million jobs have been saved or created through the implementation of ESP programs. 

2.1 million jobs created through the implementation of ESP programmes - Says federal government of Nigeria.

It was also revealed that NSIA will fund Solar Power Naija with N10 billion as part of the 5 million targeted housing connection. The Deputy President, Yemi Osinbajo, SAN, chaired a visible Committee meeting on Friday, January 14 at the Presidential Villa. 

 The Minister of Industry, Trade and Investment, Ambassador Mariam Katagum, has revealed that although all federal provinces have received separate levels of N75 billion Survival Fund and its various programs, each country will soon receive an estimated N1.7 billion. collected in all schemes.

 What they say 

The ESP was launched in 2020 to reduce the effects of the epidemic on the economy. The submissions indicated that 2.1 million jobs were created or created through the implementation of ESP programs. Other include N10 billion authorization by the Nigeria Sovereign Investment Authority (NSIA) to fund the deployment and local meeting of 200,000 (off-grid) Solar Homes Systems under the "Solar Power Naija" partnership between both NSIA and Rural Electrification Agency (REA). 

 The Department of Trade also revealed that under the N75 billion survival fund all provinces will soon receive a total of N1.7 billion collected from all programs. “Lagos, Abia and the Kano States have already crossed the border, Lagos reaches the N2.5B and Kano over the N2B. At present no government has received less than N1 billion, ”said Katagum.

 Meanwhile, the Minister of State, Budget and National Planning, Clem Agba, said: “Although an estimated 1.3 million jobs have been created with the help of MSME and Payroll, 774,000 jobs have been created in the Public Works Program and 26,021 jobs have been built / rehabilitated. . ” 

 At the same time, the Committee was informed that more than 1.1 million Nigerians have benefited from various programs under the ESP MSME Survival Fund, thus saving millions of jobs. The framework identified 459,334 beneficiaries under the Payroll Support Scheme; 307,687 beneficiaries of the Artisan & Transport Scheme. 

 Similarly, 82,491 Nigerians have so far benefited from the General MSME Grants Scheme, as well as 17,468 Guaranteed Offtake Scheme. Also, 250,000 business names are registered free of charge under the Survival Fund's CAC Formalization Support Scheme. 

 What you should know 

Recall Prudentj2 reported last December that the Nigeria Sovereign Investment Authority (NSIA) said it was working with the Rural Electrification Agency (REA) to invest the first N10 billion to provide more than 200,000 solar energy in homes under 'Solar Power Naija. . 'system. NSIA in a statement said, "This NSIA investment is aimed at promoting 200,000 grid connections for the first time with the aim of reaching more than 500,000 systems as the fund rotates and expands by 2023. “This program is estimated to also create up to 20,000 jobs in all aspects of production, integration, installation and marketing during this period.

 "In addition, this partnership will help Nigeria meet its Economic Sustainability Plan (ESP) goals of expanding electricity supply, a step towards creating five million daily connections over the next few years."

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