Vice President, Prof.Yemi Osinbajo, says Social Protection Schemes can break the cycle of poverty, give real access to jobs, economic opportunities, and improve human capacity.
Osinbajo made the submission Tuesday during a United Nations High-Level Forum on Jobs and Social Protection.
He added that the Economic Sustainability Plan is government’s response aimed at restoring growth by mitigating the macroeconomic shocks, tackling the health challenge, averting business closures, protecting and creating jobs, protecting the poor and vulnerable while repositioning the economy for future resilience.
The Vice President further explained that the Plan, in addition to scaling up health interventions, contained labour-intensive interventions in agriculture, housing, and public works programmes and the provision of solar energy to 5 million homes.
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Prof Osinbajo, also restated the call for improved access to vaccines and sustained funding of gas projects reiterating that access to energy is vital for generating the fast growth required to create jobs and to provide the resources for social protection.
The Nigeria’s number two citizen had at different forums, raised the issue of financing of gas projects in developing countries, like Nigeria, advocating for a just transition and more effective engagements towards the target of Net-Zero Emission by 2050.
As part of measures to actualize the global target of Net-Zero Emission by 2050, some developed economies and international financial institutions are announcing the defunding of gas and fossil fuel projects across the world.
Nigeria has risen against such defunding as it hampers the growth and developmental efforts of developing countries.
(Editor-Abaje Usekwe)
