COVID-19: FG Releases N500bn, Creates 2 million Jobs – Osinbajo
3 months ago Dammylink 0
The Federal Government’s Economic Sustainability Plan (ESP) helped Nigeria to cope with the economic shock caused by COVID-19.
The presidency said with the stimulus package, the economy did not decline as feared when the pandemic broke out.
Laolu Akande, presidential spokesman in a statement said over 2 million jobs have been both created and saved, with N500billion released as at the end of May.
The breakdown indicates that 1.3 million jobs have been retained through interventions in the Micro, Small, and Medium Enterprises (MSMEs) space, including the Payroll Support.
The 774,000 jobs from the Public Works Programme and 26,021 jobs from construction /rehabilitation projects nationwide were among those newly created