Student and a Youth leader|
Agricultural Economist| Researcher|SDG 2030 Advocate|CSA Country Rep|Farmer|Founder and Executive Director CCAS-SL|Creative thinker
Highlights of key measures being implemented to cushion the effects of removal of fuel subsidies and stoppage of the preferential exchange rate system:
1) Reinvesting Trillions already saved from Fuel Subsidy Removal: Since the removal of the fuel subsidy, trillions have already been saved. These funds were previously funneled into select pockets, but will now be utilized in public services.
2) Business Tax Relief: Earlier this month, President Tinubu signed four Executive Orders suspending and deferring specific taxes, aiming to boost the manufacturing sector.
3) Manufacturing Sector Investment: Between now and March 2024, the administration will invest N75 billion in the manufacturing sector. This initiative will fund 75 enterprises, each with access to N1 billion credit at 9% per annum, repayable over a maximum of 60 months.
4) MSMEs and Nano Business Investments: N125 billion will be injected into Micro, Small and Medium-sized Enterprises (MSMEs) and nano businesses. This sum includes a N50 billion Conditional Grant for 1 million nano businesses and N75 billion for 100,000 MSMEs and start-ups. The administration’s target is to give N50,000 each to 1,300 nano business owners in each of the 774 local governments across the country
5) Affordable Food Initiatives: President Tinubu has ordered the release of 200,000 Metric Tonnes of grains and is providing 225,000 metric tonnes of farming inputs to ensure food prices remain affordable.
6) Agricultural Land Investment: N200 billion will be invested into cultivating 500,000 hectares of farmland. N50 billion will be allocated to each of rice, maize, wheat, and cassava cultivation.
7) Infrastructure Support Fund: A new Infrastructure Support Fund is being established, allowing States to invest in critical infrastructure areas.
8) Affordable Mass Transit: N100 billion will be invested from July 2023 to March 2024 to acquire 3,000 units of 20-seater CNG-fuelled buses for affordable mass transit across Nigeria. These will be provided to major transportation companies in the states.
9) National Minimum Wage Review: A new national minimum wage is being introduced in collaboration with Labour unions, providing a salary boost to Nigerian workers.
10) Exchange Rate and Inflation Monitoring: The government will monitor the effects of exchange rates and inflation on fuel prices and intervene if necessary.
@opportunitiesfy The website or URL for the application does not function or open.
Kindly help to rectify this problem as today is the deadline for submission of the applications.
https://t.co/pGmoXWEiX7
On Friday, I took a big step in parliament to confirm my nomination as Minister of Agriculture and Food Security Government of #SierraLeone. It’s still sinking in.
@hmkpaka@InstituteGC Excellent research and ideas put together. I wish in your capacity as the just appointed Minister of Agriculture and Food Security will foster a rapid change in the agricultural sector in Sierra Leone for sustainable development that will better the economy of Sierra Leone.
@WACOMP_SL@EUinSierraLeone@UNIDO I will be so grateful if that information is made known to me soon.
I look forward to hearing from you.
Thank you.
Yours faithfully,
Mohamed Alex Koroma
@WACOMP_SL@EUinSierraLeone@UNIDO I am also the Country Representative of the Commonwealth Students Association.
I would love to pay a courtesy visit to the leadership of WACOMP Sierra Leone. But I want to know the structure of the recipient to address the letter.
@WACOMP_SL@EUinSierraLeone@UNIDO Hello recipient,
I am Mohamed Alex Koroma the bonafide user of this account.
I am a youth and student leader in Sierra Leone. In Sierra Leone, I am the Director of Agriculture, Trade, and Investment in the National Union of Sierra Leone Students.