Osinbajo: We’ve spent N119bn to battle COVID-19, economy

Vice President Yemi Osinbajo

Vice President Yemi Osinbajo says the Federal Government has released N119.3 billion to mitigate the impact of COVID-19 pandemic and stimulate the economy.

Osinbajo said N10.3 billion was allocated to fast-track the implementation of the National Water Supply, Sanitation and Hygiene Programme, while the sum of N9 billion was allocated to develop a robust healthcare system to withstand future shocks.

The Vice President made the disclosure while speaking at the launch of 2021 Multiple Indicator Cluster Survey (MICS) in Abuja on Monday.

Osinbajo, who was represented by the Minister of Finance, Budget and National Planning, Zainab Ahmed, said the Federal Government would equally grant funding to identified local pharmaceutical firms for local drug production.

According to him, an additional N100 billion economic stimulus package was set aside as incubation fund.

“We have identified key local pharmaceutical companies that will be granted funding facilities to support the procurement of raw materials and equipment required to boost local drug production and also the provision of credit assistance for the healthcare industry to help a potential increase in demand for healthcare services as well as products.

“This has led to facilitating conditions for the pharmaceutical companies, hospitals, as well as healthcare practitioners. All these interventions in the sector were necessary to revamp the healthcare sector and to put it right and put it on the right pedestal to tackle related challenges at the grassroots level.

“It is pertinent to place on record government’s concerted efforts towards improving the lives of ordinary citizens through the social protection programmes, as well as the strengthening of these programmes. In this connection, the National Social Register has been expanded with over N3 million Nigerians benefiting since 2020,” he said.

The Statistician-General of the Federation and Chief Executive Officer of the National Bureau of Statistics (NBS), Prince Semiu Adeniran, had said being the sixth round of the survey in Nigeria, “MICS is one of the largest sources of statistically sound and internationally comparable data on women and children worldwide, focusing on issues such as health, education, child protection, water and sanitation.”

Adeniran said the survey also serves as a major source of data for assessing the implementation of Sustainable Development Goals (SDGs) with over 20 per cent of the indicators required for tracking the SDGs being sourced from the exercise.

The Star