39.4 million #Nigerians May be #Jobless before year end -- FG | Oby Oriji Blog
close
Economyreals

39.4 million #Nigerians May be #Jobless before year end — FG

Screenshot_20200707-105007

First of all, how many Nigerians are there ? How many Nigerians are you a Vice President to? what calculation was done to come up with that figure, and on what basis was it done? Is this number deflated or inflated to suit a person or persons?

Since 14 years ago 2006 census (considered unreliable) that the census of this country was carried out, no one has given any reliable number of Nigerians living in Nigeria. We don’t even know how many people have left, died or been given birth to in this Country since then. Everyone is using a guess work estimate and boldly coming to declare it publicly. A lot of Nigerians have, are still and will lose their jobs due to this Coronavirus, but who can tell the number?

I’m Definitely not going to take any statistics coming out from this Country no matter the sector releasing it.

View this post on Instagram

The Federal Government has raised the fear that except something urgent is done, about 39.4 million Nigerians may be jobless by the end of the year as a result of the impact of the COVID-19 pandemic. . It also expressed the fear that millions more may slide into extreme poverty before the pandemic ends. . Vice-President Yemi Osinbajo painted the gloomy picture on Thursday while presenting the report of the Economic Sustainability Committee to the President, Major General Muhammadu Buhari (retd.). . Buhari set up the committee on March 30, 2020 in response to what was then becoming a threat of the most severe economic downturn in the country’s history, largely caused by the pandemic. . Its terms of reference include to develop a clear economic sustainability plan in response to challenges posed by the COVID-19 pandemic and to propose monetary policy measures in support of the plan. . Presenting the report to Buhari, Osinbajo noted that the lockdowns and social distancing measures put in place to curb the spread of COVID-19 had had a severe negative impact on farms and factories as well as on trade, transport and tourism. . He said the federation might experience a shortfall of about N185bn monthly in the amount available for allocation to the three tiers of government. . The Vice President said, “Several projections, including those done by the NBS on behalf of the Economic Sustainability Committee, showed a severe downturn in our oil earnings, as a result of which, even with oil price at $30 a barrel, we would still have a shortfall of about N185bn every month in the amount available for allocation to the three tiers of government. . “They showed that unemployment may rise to 33.6 per cent or about 39.4 million people by the end of 2020, if we fail to take prompt preemptive measures. . “They showed that millions more will fall into extreme poverty before the pandemic ends; and that GDP may fall to between -4.40 per cent and -8.91 per cent, depending on the length of the lockdown period and strength of our economic response.” —- Follow us for breaking news and videos. — #osinbajo #jobs #nigerians #covid19 #punchnewspapers

A post shared by PUNCH Newspapers (@punchnewspapers) on

Oby Oriji

The author Oby Oriji

I am a 5'7" tall extrovert Igbo girl with restless hands. An obsessed writer, and the reason we are here. Email : Oriji.oby@gmail.com dealspotr.com

Leave a Response

Obianuju Oriji
Let's collaborate
Powered by Dealspotr