- Prevent business collapse and ensure liquidity
- Use of labour intensive methods to retain or create jobs in key economic areas
- undertake jobs that enhance growth and create infrastructural investments in roads, bridges, solar power, and communications technologies
- Promote manufacturing and local productions at all levels and curb unnecessary demand for foreign exchange to stem the pressure on exchange rate
- Protect the very poor and most vulnerable through pro-poor spending
Key measures – Real sector
- ₦634.98bn for the creation of 5 million jobs in the agricultural sector while boosting agricultural production and guaranteeing food security.
- ₦317.29bn for mass housing strategy divided into two tracks. Track 1 will involves building of 300,000 homes across the country while Track 2 will leverage existing institutions to build additional 25,515 affordable homes across the country in 12 months.
- ₦240bn to create 250,000 jobs in the energy sector while providing solar power to 5 million households by 2023.
- ₦50bn for direct labour in National Infrastructure Projects to create jobs for youths in relevant priority sectors.
- Launch of programme to create jobs in digital outsourcing.
- ₦90bn for the launch a national programme to promote domestic use of CNG and support the creation of 1 million jobs.
- ₦23.4bn to support the creation of 1 million jobs through the conversion of 30 million homes from dirty fuels (kerosene, charcoal and diesel) to LPG and achieve emissions reduction in greenhouses gases while also applying LPG in other sectors such as agriculture, power generation, transport, industry and technology.
- ₦15bn to sustain 300,000 jobs in 100,000 MSMEs by guaranteeing off-take of identified priority products.
- ₦260bn to establish the SME Survival Fund to sustain at least 500,000 jobs in 50,000 SMEs for 3 months.
- ₦350bn to support the creation jobs in priority sectors using BOI, NEXIM and other national development banks as fulcrums.
- ₦60bn to create 296,000 jobs in the construction and rehabilitation of roads in the 6 geo-political zones of the country through to use of local resources.
- ₦198.94bn to develop a robust health system with the capacity to withstand shocks.
- ₦10.29bn to fast-track the implementation of the National Water Supply, Sanitation and Hygiene programme.
- ₦87.06bn to Increase support to vulnerable individuals and households in the context of COVID-19.
- ₦27bn to save existing aviation industry organisations and jobs, through a targeted stimulus package and fast track the establishment of a private sector driven national carrier.
- ₦144.12bn for the establishment of an economically viable Science and Innovation ecosystem in Nigeria.
- ₦2.39bn to strengthen the national capacity to manage immigration, correctional facilities and public safety post-COVID-19.
- ₦6bn to establish a programme to organise artisanal miners and develop the mineral value-chain in 6 geo-political zones.
- ₦15bn to fast-track the implementation of the National Digital Switch Over Programme.
- Agriculture, Housing, Energy, Youth & Women Development, Technology, Infrastructure/ Construction, MSMEs, Health, Aviation, Science and Technology, Immigration, Mining, Sanitation and Utility, Security and Digital.
Key Measures – Fiscal & Monetary Sector
- Mobilise resources to stimulate the economy and fund projects in the Economic Sustainability Plan.
- Fiscal measures to safeguard oil revenues
- Fiscal measures to mobilise and preserve non-oil revenue by maximizing government revenues and optimising expenditures
- Fiscal measures to reduce non-essential spending by streamlining all government expenditure and eliminating non-essential items
- Support the economy using monetary measures.
- Mobilise external funding and seek debt relief.
- Support financial viability of States.
- Secure appropriate legislative basis for actions to achieve economic sustainability.
- All Sectors of the Nigerian economy, Government.
Key Measures – Implementation
- Establishment of clear priorities
- Articulation of detailed action plans in each sector
- Clarity in time-frame of projects
- Stipulation of desired results and outcomes
- A deliberate strategy to source materials locally
- Use of private sector agents with track record of delivery or meeting project requirements
- Collaboration between public and private sector to measure results
- Adoption of clear accountability framework and monitoring mechanism
- Active oversight by Economic Sustainability Committee