Govt roll out survival fund for teachers, artisans, others

The Federal Government will unveil a survival fund to support small businesses, artisans and private school teachers.

Vice President Yemi Osinbajo said data compilation for those eligible is ongoing while the criteria for would-be beneficiaries are already set.

He explained that the fund is part of measures earmarked by President Muhammadu Buhari to save jobs and create new ones amid the pandemic.

He spoke on the state of the nation through the COVID-19 pandemic at the on-going 60th Annual General Conference of the Nigerian Bar Association (NBA).

Osinbajo said: “Through the Economic Sustainability Plan, the Federal Government’s focus is to save jobs and create new ones. Similarly, there is a survival fund and payroll support for artisans, private school teachers and small businesses.

“We are currently compiling the data, the criteria are already set. There are plans also for other sectors, including the hospitality and aviation sectors.”

On the economy, the VP noted that despite the -6 per cent decline in Gross Domestic Product (GDP), Nigeria had fared better in comparison to other economies, such as South Africa and much of the top 20 global economies.

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