BY ANDREW ESSIEN ABUJA
The All Progressives Congress (APC) Legacy Awareness and Campaign, a voluntary think-tank group of the governing party, has said that the clear and firm response of the APC led-government is creating inclusive economic growth.
The group in a statement issued Wednesday and jointly signed by the party’s Youth Leader, Mr. Ismail Ahmed, former party scribe, Mr. Lanre Issa-Onilu, Presidential aide, Mr. Tolu Ogunlesi and Director General of Progressives Governors Forum (PGF), Dr. Salihu Lukman.
It said nobody anticipated that the year 2020 would usher in the most disruptive pandemic in recent history of humanity.
It said the major steps taken by President Muhammadu Buhari in response to the pandemic include the setting up of the Economic Sustainability Committee chaired by the Vice President Yemi Osinbajo to develop a comprehensive economic stimulus plan, known as the Economic Sustainability Plan (ESP).
The group added that the ESP has been widely credited with fast-tracking Nigeria’s exit from the Covid-induced recession, and as a contributor to the robust 5.1 percent economic growth recorded in Q2 2021.
It noted that the ESP has included a range of interventions from Payroll Support, to federal investments in renewable energy for households, to grants for artisans and transport workers, and aviation sector bailout packages.
It added: “Setting up a Poverty Reduction with Growth Strategy Implementation Committee, chaired by the Vice President, to contribute to the presidential vision of lifting 100 million Nigerians out of poverty within a decade.”
It said other interventions include approving the establishment of a N500 billion COVID-19 Crisis Intervention Fund, dedicated to various programs ranging from health infrastructure upgrades to a national public works programme.
It added that the federal government also approved a series of Central Bank of Nigeria (CBN) stimulus interventions, including a stimulus support package for individuals and households, which has seen total disbursements of more than N400 billion to over 600,000 beneficiaries.
It said approving the take-off of the N75 billion National Youth Investment Fund (NYIF) which is funding youth-led businesses, as well as the Jubilee Fellows Programme which would place 20,000 University graduates in work-preparation/career-development internships annually.