In a bid to alleviate the impact of the recent fuel subsidy removal, the Ondo State government has announced a comprehensive set of initiatives aimed at supporting students, public servants, vulnerable individuals, pensioners, farmers, and small and medium enterprises (SMEs). These measures, spanning various sectors, are designed to cushion the effect of the subsidy removal while fostering economic resilience and providing immediate relief to the citizens.
Mr. Wale Akinterinwa, the State Commissioner for Finance and Chairman of the Palliative Strategy and Implementation Committee revealed these groundbreaking measures during a press conference in Akure. He emphasized the government’s commitment to mitigating the challenges posed by subsidy removal and its dedication to fostering sustainable growth across the state.
A Glimpse into the Initiatives
Free Shuttle Buses for Students and Public Servants: To ensure uninterrupted access to education and work, the state government will provide free shuttle buses for students and public servants. The initiative will run from September until December 31st, 2023. Beginning in January 2024, affordable rates will be introduced.
Cash Transfers and Support for Vulnerable Persons: Selected vulnerable individuals in each local government will receive an unconditional cash transfer of N10,000 for three months. All pensioners in the state will also receive N10,000 each from August to December 2023.
Agricultural Support: The government will distribute free food packages to one million households across all 18 local governments. Subsidized farm inputs, agrochemicals, seeds, and farm tools will be provided to farmers. Poultry and fish farmers will receive free drugs, maize, feeds, and training on local feed formulation.
Transportation Solutions: In addition to the existing buses, the state will purchase CNG buses to facilitate cost-free transportation for public servants. Tricycles will be provided to farming communities to ease the movement of farm produce.
Healthcare Relief: Hospital registration and consultation fees will be immediately suspended, with the government reimbursing hospitals based on existing data. Furthermore, there will be an immediate payment of the 2020 leave bonus to public servants.
SMEs Support: Small and medium enterprises across various categories will benefit from the state government’s financial assistance. The funds will be disbursed through existing government channels, ensuring direct and efficient support to SMEs.
Mr. Akinterinwa stressed the collaborative nature of these measures, highlighting the importance of academia, industry, and community-based stakeholders in driving successful implementation. He noted, “We believe that by aligning research efforts towards alternative clean energy sources and leveraging digital technology, we can revolutionize the telecom sector in Nigeria.”
The Ondo State government’s commitment to the welfare of its citizens and the sustainability of its economic landscape underscores the innovative and people-centric nature of these initiatives. With a focus on holistic support, these measures aim to create a positive impact on various segments of society, fostering resilience, growth, and prosperity even in the face of significant challenges.
