• Home
  • About Us
  • Contact
Wednesday, May 20, 2026
News On Spot
  • Home
  • News
    Collapsed

    Five Feared Dead as Three-Storey Building Collapses Near Gudu Market in Abuja…

    EFCC-Blessing CEO

    EFCC Arraigns Blessing CEO Over Alleged N36m Fraud in Lagos…

    Lagos State Governor-Sanwo-Olu

    Lagos Raises Property Transaction Charges as Land Costs Surge Across Prime Areas…

    Saleh Mamman

    Former Power Minister Saleh Mamman Jailed 75 Years Over ₦33.8bn Fraud Case…

    OHCSF

    OHCSF Clarifies Reports on 40% Allowance for Civil Servants…

    Lagos State Government

    Lagos to Launch State Driver’s Licence Scheme Soon…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    Niniola Apata

    Singer Niniola Apata Announces Death of Husband After 13 Years Together…

    Nollywood

    Nollywood Stars Who Died After Battling Cancer…

    Alex Ekubo

    Nollywood Star Alex Ekubo Dies at 40 After Reported Battle With Cancer…

    AMVCA

    AMVCA 2026 Celebrates Africa’s Best in Film and Entertainment…

    BBNaija

    Big Brother Naija Season 11 Auditions Set to Begin Soon…

    Cecilia Obi-Kechere

    Nollywood Mourns Veteran Actress Cecilia Obi-Kechere (Miss Koi Koi)…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    Bianca Odumegwu-Ojukwu

    Bianca Odumegwu-Ojukwu Celebrates Twins’ Birthday with Love…

    UK Visa

    UK Raises Visa, ETA Fees for Tourists, Students, Workers from April 2026…

    eVisa

    UK Moves Fully Digital: Paper Visas Scrapped as eVisas Launch February 25…

    ESHDC

    Enugu Housing Corporation Opens New Estates, Offers Discounted Plots to Homebuyers and Investors…

    Salary

    10 Smart Ways to Make Your Salary Last All Month…

    “How was your night?”

    Why “How Was Your Night?” Isn’t Always the Right Greeting – And What to Say Instead…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Elon Musk

    Elon Musk Unveils New Name, Logo For Twitter…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • News
    Collapsed

    Five Feared Dead as Three-Storey Building Collapses Near Gudu Market in Abuja…

    EFCC-Blessing CEO

    EFCC Arraigns Blessing CEO Over Alleged N36m Fraud in Lagos…

    Lagos State Governor-Sanwo-Olu

    Lagos Raises Property Transaction Charges as Land Costs Surge Across Prime Areas…

    Saleh Mamman

    Former Power Minister Saleh Mamman Jailed 75 Years Over ₦33.8bn Fraud Case…

    OHCSF

    OHCSF Clarifies Reports on 40% Allowance for Civil Servants…

    Lagos State Government

    Lagos to Launch State Driver’s Licence Scheme Soon…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    Niniola Apata

    Singer Niniola Apata Announces Death of Husband After 13 Years Together…

    Nollywood

    Nollywood Stars Who Died After Battling Cancer…

    Alex Ekubo

    Nollywood Star Alex Ekubo Dies at 40 After Reported Battle With Cancer…

    AMVCA

    AMVCA 2026 Celebrates Africa’s Best in Film and Entertainment…

    BBNaija

    Big Brother Naija Season 11 Auditions Set to Begin Soon…

    Cecilia Obi-Kechere

    Nollywood Mourns Veteran Actress Cecilia Obi-Kechere (Miss Koi Koi)…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    Bianca Odumegwu-Ojukwu

    Bianca Odumegwu-Ojukwu Celebrates Twins’ Birthday with Love…

    UK Visa

    UK Raises Visa, ETA Fees for Tourists, Students, Workers from April 2026…

    eVisa

    UK Moves Fully Digital: Paper Visas Scrapped as eVisas Launch February 25…

    ESHDC

    Enugu Housing Corporation Opens New Estates, Offers Discounted Plots to Homebuyers and Investors…

    Salary

    10 Smart Ways to Make Your Salary Last All Month…

    “How was your night?”

    Why “How Was Your Night?” Isn’t Always the Right Greeting – And What to Say Instead…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Elon Musk

    Elon Musk Unveils New Name, Logo For Twitter…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
News On Spot
No Result
View All Result
Home Local Gist

2.4 Million Households To Benefit From FGs Stimulus Package Presidential Aide…

newsonspotadmin by newsonspotadmin
August 16, 2020
in Local Gist
Reading Time: 3 mins read
0

To ensure food security for citizens, at least 2.4 million households will benefit from the Federal Government’s post COVID-19 stimulus package, a presidential aide says.

Senior Special Assistant to the President on Agriculture, Dr. Andrew Kwasari, disclosed this in an interview with the News Agency of Nigeria on Sunday in Abuja.

Kwasari was speaking against the backdrop of the number of projects anchored by the Nigerian Economic Sustainability Committee to secure the economy against the effects of COVID-19.

NAN reports that the stimulus package would be provided through the Agric for Food and Jobs Plan, under the Agricultural Sector of the Nigerian Economic Sustainability Plan.

The NESP, set up by President Muhammadu Buhari in March 2020, is being chaired by Vice President, Yemi Osinbajo, with members from key sectors of the economy, to forestall the effects of the COVID 19 pandemic on the economy.

“The Economic Sustainability Committee needed to be very strategic in utilising the minimal resources, overall, not only for the agriculture sector.

“So for the Agric Sector, we decided that we will use this strategy to utilise available cash to work with financial institutions, led by the Central Bank of Nigeria.

“To see how we can get stimulus packages to about a minimum of 2.4 million households or to fund 2.4 million hectares of land that will be cultivated during this 2020 wet and dry season farming,” he said.

Kwasari added that it was in a bid to answer the question – “What must Nigeria do to ensure food sufficiency in the wake of COVID-19?” that the agricultural sub-sector of NESC decided to clearly define and understand the global scenario of the pandemic.

“The Nigerian economy was already disrupted; we had lost a large share of our GDP income which comes from oil.

“So with this reduced GDP, even if there is stable food systems supply, Nigeria may not be able to afford importation of food in order to feed over 200 million people.

“Imagine then where we have both global food system disruption in productivity and output and the loss of national income from oil revenue losses.

“Then we are in a more dangerous situation,” he stated, adding that Nigeria opted for large scale food production to cushion the effects of COVID-19, due to dwindling resources.

“Nigeria has a plus in terms of a large population that can be channeled into food production, so we capitalised on it to grow food during this 2020 wet season and dry season farming,” he said.

Kwasari noted that in tackling the problem of the impending economic depression, the committee also had to increase its limited resources to reach the larger population of indigent Nigerians.

NAN reports that the households to benefit from the Agric for Food and Job Project are small scale farmers with farmlands ranging from 1-5 hectares across the 36 states of Nigeria and the FCT; and enumeration is already in progress.

ShareTweetShare
Previous Post

Drunk Man Drowns Swimming (Disturbing Photo)…

Next Post

I Got Pregnant In SS3 And My Church Banned Me From Singing In Choir – Waje…

newsonspotadmin

newsonspotadmin

Related Posts

Local Gist

BBNaija’s Ozo Becomes Juventus Brand Manager…

November 27, 2020
Local Gist

Kemi Olunloyo Finally ‘Calms’ Her Fears By Revealing Emmanuella’s “Source of Income”…

November 26, 2020
Local Gist

Sibling Of 27-Year-Old Graduate Killed At Lekki Tollgate: My Late Sister Died For A Better Nigeria…

November 22, 2020
Local Gist

BREAKING: Senator Victor Ndoma-Egba Loses Wife In Accident…

November 20, 2020
Local Gist

Birthday Post: Paul Blasts Peter’s Wife, Lola, Tells Her “…Let Your Guilt Deal With You.”…

November 20, 2020
Local Gist

El-Rufai Under ‘Attack’ By Muslims Over ‘Loved-up Photos’ With His Wife…

November 18, 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Uber

Uber Driver Drops Passengers Off At The Airport, Returns Back To Rob Their Home…

September 27, 2022
ST Team

ST Team Hosts Maiden Business Banquet, Unveils AI-Driven Investment Vision…

February 3, 2025
Lagos State Governor-Sanwo-Olu

Lagos Govt Declares 4-day Public Holiday…

January 19, 2023
Airline

Another Anambra Billionaire Set To Unveil New Airline…

May 17, 2024

Bill Gates steps down from Microsoft board to focus on philanthropy

0

Overlooked No More: Ni Gusti Ayu Raka Rasmi, Balinese Dancer

0

Nigeria vs Sierra Leone, other AFCON 2019 qualifiers cancelled

0

Osinbajo‘s convoy involved in accident, VP loses police outrider

0
Niniola Apata

Singer Niniola Apata Announces Death of Husband After 13 Years Together…

May 20, 2026
Oyo State

Outrage in Oyo as Abducted Teacher Allegedly K!lled by Gunmen After School Attack…

May 20, 2026
Dangote Group

Refinery Listing Will Democratise Africa’s Industrial Prosperity – Dangote…

May 20, 2026
NYSC

NYSC to Mobilise Only Graduates With Verified Compliance Certificates…

May 20, 2026

Recent News

Niniola Apata

Singer Niniola Apata Announces Death of Husband After 13 Years Together…

May 20, 2026
Oyo State

Outrage in Oyo as Abducted Teacher Allegedly K!lled by Gunmen After School Attack…

May 20, 2026
Dangote Group

Refinery Listing Will Democratise Africa’s Industrial Prosperity – Dangote…

May 20, 2026
NYSC

NYSC to Mobilise Only Graduates With Verified Compliance Certificates…

May 20, 2026
News On Spot Logo

Browse by Category

Archives

  • Home
  • About Us
  • Contact

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Home
  • About Us
  • Contact
  • Entertainment
  • Politics
  • Business
  • Health
  • Sports
  • World
  • https://newsonspot.com.ng/2024/12/19/addressing-nnpcls-misinformation/
  • https://newsonspot.com.ng/2024/05/31/zenith-bank-introduces-next-generation-digital-screen-experience-at-ajose-adeogun-roundabout/
  • https://newsonspot.com.ng/2024/06/17/ecobank-reiterates-commitment-to-help-adire-industry-leverage-afcfta/