President Muhammadu Buhari has approved N6.45 billion for the setting up of gas plants in 38 locations nationwide in a bid to enhance the treatment of Covid-19 patients who need oxygen.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, made this disclosure on Thursday at the first National Economic Council meeting of the year presided over by Vice President Yemi Osinbajo.
According to minister, the President approved the release of the funds for the production of oxygen, necessitated by the increased number of patients who need oxygen due to the surge in Covid-19 infections in the country.
Similarly at the meeting, the Health Minister Dr. Osagie Ehanire informed the Council that sequel to President Buhari’s decision to activate the Basic Healthcare Provision Fund based on the National Health Act, N55.1billion was approved in 2018 and that 50% of the sum has since been released to the States and the FCT.
Besides, the Federal Government has also allocated N35 billion for 2021 for the Fund.
It can be recalled that the Basic Health Care Provision Fund (BHCPF or “The Fund”) was established under Section 11 of the National Health Act (NHA Act), as the principal funding vehicle for the Basic Minimum Package of Health Services (BMPHS).
The Fund serves to increase the fiscal space and overall financing to the health sector to assist Nigeria to achieve Universal Health Coverage (UHC).
Funding of the BHCPF would be derived from contributions including — an annual grant from the Federal Government of Nigeria of not less than one per cent (1%) of its Consolidated Revenue Fund (CRF) — grants by international donor partners; and funds from any other source.
In a statement issued by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande said other updates at the NEC meeting included account balances as at 20th January 2020 given by the Minister of Finance, Budget and National Planning.
According to Akande, “Excess Crude Account (ECA), balance as at 20th January 2021, $72,411,197.80; Stabilization Account, balance as at 19th January 2021, N28, 800, 711,295.37; Natural Resources Development Fund Account, balance as at 19th January 2021, N95, 830,729,470.82.”
He said Council also received an update from the Vice President who is the Chairman of Council’s Ad-Hoc Committee on Public Engagements regarding the fallouts of the EndSars protests of last year.
In the update, the NEC engagements will focus on wealth creation, social safety nets and Employment, education, digital economy and sports development, creative industry and hospitality, security and governance.
The statement further said that target groups and audience would
be young intellectuals and emerging industry leaders from diverse sectors, students of tertiary and other educational institutions, youths in the Diaspora who are interested in social-political developments, entertainers and social influencers, trained artisans etc.
It will also include youth leaders in civil Society Organization, Politics religious organization, traditional institutions, young women and young people with disabilities.
The engagement, NEC resolved will evolve in three stages such as State Government and the FCT facilitated youth engagements, guided by a panel of seasoned professionals(for comprehensiveness, practicability and effectiveness.
“This will essentially be a youth-driven engagement organised by each State Government or the FCT Administration. As the initial engagement, it will allow for streamlining of the thought processes of the youths’ interaction with State Officials and the selection of representatives, who will participate in subsequent engagements at Zonal and National levels,” It said.
The second stage will be the zonal-level engagement where the issues of concern and the consensus reform ideas developed from the State-level engagements are presented by the individual States’ representatives.
It explained that” This engagement is a collaboration between the youths and the State Governments in the respective zones.”
The third stage is the national engagement, where select representatives from States and the Federal Capital Territory participate in an interactive session with Federal and other Government officials.
” The youth representatives present the consensus issues of concern and reform ideas developed from the first two stages. The session will be people-centric, providing a platform for the Government to listen to the youth and focus less on presenting its own achievements or defending its perspectives,” it stated.