Stella Dimoko Korkus.com: VP Osinbajo Says Over 39 million Nigerians To Become Jobless,Others Will Fall Into Extreme Poverty After COVID19

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Friday, June 12, 2020

VP Osinbajo Says Over 39 million Nigerians To Become Jobless,Others Will Fall Into Extreme Poverty After COVID19

On Thursday Vice President Prof. Yemi Osinbajo, said that over 39.4 million people may lose their jobs in Nigeria by the end of 2020, if the government “fails to take prompt preemptive measures.”




The Vice President spoke as he presented the post COVID-19 Economic Sustainability Plan to President Muhammadu Buhari at the Presidential Villa, Abuja.


The post-COVID-19 Economic Sustainability Plan was embarked to mitigate the impact of the COVID-19 pandemic on country’s economy.

Osinbajo added that, with a severe downturn in Nigeria’s oil earnings, the country would still have a shortfall of about N185 billion every month.

The Vice President explained that the mandatory lockdowns and social distancing measures rules imposed by the government due to the Coronavirus pandemic have had a severe negative impact on the economy.

According to him, the rules have affected the farms and factories, as well as on trade, the transport industry and tourism.

“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 dollars a barrel, we would still have a shortfall of about N185 billion every month, in the amount available for allocation to the three tiers of Government,” the VP said.

“Unemployment may rise to 33.6% or about 39.4 million people by the end of 2020, if we fail to take prompt preemptive measures.

“Millions more will fall into extreme poverty, before the pandemic ends.”

He further explained that GDP may fall to between minus 4.40% and minus 8.91%, which, according to him, is depending on the length of the lockdown period and strength of the country’s economic response.
from dailypost

35 comments:

  1. Nonsense talk!! So this is the goodwill message you and your PRESIDEBT can come up with this elektocracy day..Mtsheew..2nd base jare

    ReplyDelete
    Replies
    1. Serious Nonsense talk.... What's their efforts to make sure people do not experience the after effect of the pandemic...

      πŸ™„πŸ™„πŸ™„πŸ™„πŸ™„πŸ™„πŸ™„

      Delete
    2. So dey can give accurate statistics for poverty but can't give statistics for the palliative that never got to the people.

      Delete
  2. God help me. Covid 19 has made me jobless since last month. Am still in the shock of the sack. I don't want to fall into the poverty ratio lord. I have 900k in my account. What kind of business can l do?. Everyone around me is doing POS. What else can l do to survive. I have a son and parents to take care of. God please help me

    ReplyDelete
    Replies
    1. You can do Paga (withdrawal and transfer of money) business if you are in an area where bank is far from the people

      Delete
    2. In my area here in ololwotedo mowe Ogun state we have Like l0 (Ten) people doing this paga (POS) business because we have to get to mowe before we can use ATM and people where always much....

      Delete
    3. Olowotedo or orimerinmu?

      Delete
  3. Wonders will never cease to end.
    God help your children πŸ™

    ReplyDelete
    Replies
    1. Abeg make he leave story.
      Average Nigerians all live in extreme poverty. Clueless leaders.

      All the oil money for yrs. What did u leaders use it for??? All u know is vote and steal from the country. People are living in extreme poverty since na.
      Cnt u see hunger in the land???

      Delete
  4. Replies
    1. A very big Amen
      Just negodu the kind of message they are giving us on democracy day...smh

      Delete
  5. Poverty will not be our portion,by God's grace.

    ReplyDelete
  6. Look at how they opened their mouth to yarn this kind nonsense.
    What do they want us to do. We've been fending for ourselves like the govt aren't there. Mtcheeeereewwww

    ReplyDelete
    Replies
    1. Abi oh..We that have been taking care of ourselves..Na Isaac kind of blessings I pray for everyone..We will flourish even in the midst of man-made wickedness..

      Delete
    2. Amen!
      Isaac planted crops in that land and the same year reaped a hundredfold, because the LORD blessed him.

      Let's find out what God will have us do in this man-made 'pandemic famine'.
      We will surely prosper and wax exceedingly great in Jesus Christ name. Amen πŸ™πŸ™πŸ™

      Delete
  7. Show us the video in which he made the statement. WHERE IS YEMI OSINBAJO?

    ReplyDelete
  8. All talk and more talks. Nigeria stink of poverty. Even their do proffered solution ain't doing nada

    ReplyDelete
  9. There are enough bad news already, pls, don't come and add to it.

    ReplyDelete
  10. Where are all those people that were looking for VP? Come and take your message!

    ReplyDelete
  11. Na now una know?
    Where are the people shouting lockdown.
    Everybody go know somebody wey this austerity go hold but how many know person wey Coro hold.
    Nigeria had no business locking down, the lockdown was not effective to curb the increase of the virus but it increased the rate of poverty and depression x 100%

    ReplyDelete
    Replies
    1. You made very valid points here. πŸ‘ŒπŸ‘

      Delete
  12. Do not worry Mr Vice & Mr P everything is time & Season I guess you know what I meant very soon

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  13. He is saying the truth! You guus should seriously start thinking of other source of income. Network marketing to the rescue

    ReplyDelete
  14. It is well with Nigeria and Nigerians

    ReplyDelete
  15. Hard days ahead

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  16. So what is he and his boss doing to cushion the effect on citizens?

    ReplyDelete
  17. Madagascar knew what's good for them and cut loose early enough and left the rest of the world behind.


    If this government knows what's good for the country, they should cut out the pay for NASS, Federal and State Executives for the rest of their tenure and pass it into Law that subsequently their pay and allowances should not exceed that of Permanent Secretary in the public sector/government establishment and the sentence for looting public funds should be death!
    IF YOU WANT TO SERVE YOUR NATION, MAKE THAT SACRIFICE!

    ReplyDelete
  18. Chaii...naija my country,I weep for the citizens

    ReplyDelete
  19. This Buhari govt will be the death of us😟😒

    ReplyDelete
  20. Nigeria have always been bad even before covid 19 , so he should using covid 19 as an excuse

    ReplyDelete

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