Osinbajo also disclosed that the Federal Government had secured land in 11 states of the federation to build thousands of two-bedroom apartments for Nigerians at the cost of N2m each.
Speaking at the ongoing 60th Annual General Conference of the Nigerian Bar Association (NBA), Osinbajo said the FG’s efforts were geared towards saving jobs and creating new ones amid the pandemic.
“Through the Economic Sustainability Plan, the FG’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 is already set. There are plans also for other sectors including the hospitality and aviation sector.”
On the Federal Government’s housing plan, Osinbajo said, “These houses are to be built by young engineers, architects, and artisans. We hope to build thousands of two-bedroom apartments for about N2m each.”
The vice president said despite the decline, Nigeria’s economy had fared better than some other countries.
“Economics like politics is local. In comparison to other economies we have fared better. We, however, recognise that there is a severe decline. The Economic Sustainability Plan is our response to that and we will focus on local industry, local resources and local production,” he said.
KanyiDaily recalls that Osinbajo had also asked pastors and church leaders, who are aggrieved over the recently signed Company and Allied Matters Act (CAMA) 2020, to approach the National Assembly for amendment.