Thread by @NGRPresident

President @MBuhari receives briefing from Vice President @ProfOsinbajo at the State House, on the progress achieved thus far in the implementation of The Economic Sustainability Plan, the administration’s economic stimulus response to the Coronavirus pandemic | January 5, 2021.

Key components of the ESP that are currently being implemented include:

MSMEs Survival Fund @SurvivalFund_ng

@FHFLNigeria Social Housing Scheme,

@realREANigeria Solar Home System

For the Payroll Support track of the Survival Fund, a total of 277,628 beneficiaries drawn from 56,575 businesses have now been paid. Out of the total number, 3 per cent are beneficiaries with special needs, while 43 per cent are female employees/beneficiaries.

Enumeration of prospective beneficiaries for the Transport Support Track, which was launched in December 2020, is still ongoing.

Payment of N30, 000 one-time grant to 333,000 artisans across the country is in progress with payments already made to verified beneficiaries in States under streams 1, 2, and 3:

FCT, Lagos, Ondo, Kaduna, Borno, Kano, Bauchi, Anambra, Abia, Plateau and Delta (under stream 1);

Taraba, Adamawa, Bayelsa, Edo, Ogun, Ekiti, Katsina, Kebbi, Kogi, Kwara, Enugu, and Ebonyi (under stream 2);

Akwa-Ibom, Cross River, Zamfara, Yobe, Sokoto, Nasarawa, Niger, Imo, Oyo, Osun, Jigawa, Gombe and Benue (under stream 3).

Process of installation of the N140 billion Solar Home System that will cover up to 5m households, serving about 25m individuals in rural areas & urban communities, has begun with the enlistment of solar assembling companies & components manufacturers, and solar servicing firms.

Under the scheme, the Central Bank of Nigeria @cenbank will make available funds to private companies involved in the manufacture, installation, servicing of the solar systems, at rates ranging between 5 to 10 percent.

The plan by @NigeriaGov to support 1.5 million Nigerians to acquire low-cost houses under the Social Housing program of the ESP is on course as the portal for application by prospective beneficiaries was launched December 2020 alongside the prototype 1-bedroom & 2-bedroom units.

The plan is to have a Rent to Own option as part of the Buhari administration's resolve to impact the common man in the social housing scheme expected to also generate 1.8m jobs and deliver houses to about 1.5m Nigerian families.

Already sites for early start projects have been identified in all the 6 geo-political zones in addition to the FCT.

The sites include those in Ekiti and Ogun in the Southwest, Enugu and Abia in the Southeast, Delta and Edo in the South-south, Yobe and Bauchi in the Northeast, Kaduna and Katsina in the Northwest and Nasarawa and Plateau in North-central. Sites have also been identified in Abuja

To kickstart the social Housing projects, the @cenbank has already committed to a N200 Billion facility with a guarantee by @NigeriaGov via @FinMinNigeria.

The implementing agency, Family Homes Fund Ltd @FHFLNigeria, an agency under @FinMinNigeria has already mobilized thousands of Cooperatives groups across the country who will participate in the social Housing plan as the main warehouse agents, and mobilize low-income buyers.

For instance, @FHFLNigeria met recently with 93 Cooperative Leaders from the 6 geographical zones, under the aegis of the Co-Operatives Federation of Nigeria.