- Over 900,000 jobs have been created in Nigeria in 2020
- This was revealed by the minister of science and technology, Ogbonnaya Onu
- Onu, speaking in Abuja on Monday, March 16, said that the jobs were created through the ministry
The federal government has revealed the number of jobs it has created in a period of six months through the Ministry of Science and Technology.
Ogbonnaya Onu, the minister, said that not less than 900,000 jobs have been created within the period in 2020, Nigerian Tribute reports.
Onu disclosed this at the opening ceremony of the Science, Technology and Innovation (STI) Expo in Abuja on Monday, March 16.
Meanwhile, Legit.ng reported that the $22.7 billion loan request made by President Muhammadu Buhari which was recently approved by the National Assembly (NASS) had been suspended by the federal government.
This new decision of the federal government was revealed on Monday, February 16, by the minister of finance, Zainab Ahmed.
Speaking at the 2020 International Conference on the Nigerian Commodities Market convened by the Securities and Exchange Commission (SEC) in Abuja, Zainab said that the suspension of the loan plan was in keeping with the present realities in the global economy.
The minister pointed out that the federal government at the moment is watching the international market despite the consent of the NASS.
Zainab insisted: “The current market indices do not support any external borrowings at the moment, despite that the parliament is still doing its work on the borrowing plan."
She said that what is key, for now, is the effort of the leadership to diversify the nation's economy.
In another post, Legit.ng reported that all deposit money banks in Nigeria had been urged to restructure loan terms and tenors to households and businesses affected by the coronavirus outbreak.
The Central Bank of Nigeria (CBN) gave the directive when Godwin Emefiele addressed journalists in Abuja. The CBN governor said the interest rate of its intervention programmes has been cut to 5% from 9%, The Cable reports.
“The CBN hereby grants all deposit money banks leave to consider temporary and time-limited restructuring of the tenor and loan terms for businesses and households most affected by the outbreak of Covid-19 particularly oil & gas, agriculture, and manufacturing.
“The CBN would work closely with DMBs to ensure that the use of this forbearance is targeted, transparent and temporary, whilst maintaining individual DMB’s financial strength and overall financial stability of the system,” he said.
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