With Wednesday’s endorsement of the N2.3 trillion Nigeria Economic Sustainability Plan by the Federal Executive Council, the Federal Government has halted what it called non-basic and regulatory capital spending, including the acquisition of vehicles.
The Special Adviser to the President on Media and Publicity, Femi Adesina, revealed this in an archive labeled, “What you have to think about the Nigeria Economic Sustainability Plan” made accessible to columnists in Abuja on Thursday.
The arrangement was created by the Economic Sustainability Committee led by Vice-President Yemi Osinbajo and built up by the President, Major General Muhammadu Buhari (retd.), prior in March.
It was intended to help the country’s economy notwithstanding the interruptions and difficulties of the COVID-19 pandemic.
Adesina recorded eight key mediations as expressed in the arrangement to incorporate mass agrarian program, framework, casual part support, business support for MSMEs, innovation, extension of National Social Investment Programs, cut unimportant spending and backing for state governments.
As a component of approaches to cut unnecessary spending, Adesina said just ambulances, putting out fires vehicles and different basics are absolved from the restriction on the acquisition of vehicles.
He stated, “The President has endorsed the usage of the report on the legitimization of government organizations.
“The NESP will likewise focus on a decrease in normal creation expenses of raw petroleum.
“Likewise, the Integrated Personnel and Payment Information System will be extended to cover all Federal Government’s MDAs.
“Non-basic and regulatory capital spending will be wiped out, including acquisition of vehicles (with the exception of ambulances, putting out fires vehicles and different fundamentals).”
He included that the Economic Sustainability Committee would screen the usage of the arrangement while the Vice President will consistently short the President on progress made.