In a move to address the economic challenges faced by the people of Ekiti State, Governor Biodun Oyebanji has unveiled a comprehensive Economic Relief Programme (ERP) worth N12 billion.<\/p>\n
This timely initiative aims to provide much-needed support to the state’s residents and alleviate the impact of the current economic situation.<\/p>\n
The N12 billion Economic Relief Programme includes a variety of measures designed to support households, formal and informal sectors, as well as state and local government workers.<\/p>\n
The ERP consists of salary and pension arrears payments, increased subventions for autonomous institutions, and financial assistance for small-scale farmers.<\/p>\n
One of the key components of the ERP is the payment of one month’s salary arrears to state and local government workers, totaling over N2.7 billion.<\/p>\n
This payment will clear the salary arrears owed to state government workers and ensure that the arrears owed to local government workers are cleared this year.<\/p>\n
In addition, Governor Oyebanji has approved an increase of N600 million per month in the subvention of autonomous institutions, including the judiciary and all tertiary institutions.<\/p>\n
This will enable these institutions to implement the wage award for state and local government employees.<\/p>\n
Furthermore, the governor has also approved the payment of two months’ pension arrears owed to state and local government workers, as well as a monthly gratuity payment to state pensioners.<\/p>\n
This will provide much-needed relief to pensioners who have been affected by the economic downturn.<\/p>\n
Recognizing the importance of food security, the ERP also includes a N1 billion commitment to improve food production in the state.<\/p>\n
This will involve land preparation, driven by the Ministry of Agriculture and Food Security’s tractorization subsidy scheme, and an input supply program to support small-scale farmers.<\/p>\n
The N12 billion Economic Relief Programme represents a significant step forward in the government’s efforts to support the people of Ekiti State during these challenging times.<\/p>\n
By addressing the various sectors of the economy and providing targeted relief, Governor Oyebanji’s administration is demonstrating its commitment to the well-being of its citizens and the state’s overall economic development.<\/p>\n","protected":false},"excerpt":{"rendered":"
In a move to address the economic challenges faced by the people of Ekiti State, Governor Biodun Oyebanji has unveiled a comprehensive Economic Relief Programme (ERP) worth N12 billion. This timely initiative aims to provide much-needed support to the state’s residents and alleviate the impact of the current economic situation. The N12 billion Economic Relief …<\/p>\n","protected":false},"author":9,"featured_media":1842171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[18301,23378,20907,2448,1714,13635,23377,14171,12386,4546],"_links":{"self":[{"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/posts\/1842170"}],"collection":[{"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/comments?post=1842170"}],"version-history":[{"count":1,"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/posts\/1842170\/revisions"}],"predecessor-version":[{"id":1842172,"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/posts\/1842170\/revisions\/1842172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/media\/1842171"}],"wp:attachment":[{"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/media?parent=1842170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/categories?post=1842170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advocate.ng\/wp-json\/wp\/v2\/tags?post=1842170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}