 Just to understand where we were before COVID-19 and after, of course we all know that all prices dipped from close to $64 a barrel to at some point $20 something, $28, today we were at about $45 or just about $43 to $45. GDP this quarter Q2 fell to minus 6.1% and this is attributable to the lower levels of domestic and international economic recovery. Unemployment was at 27.1% in Q2 2020, under employment at 28.5%. The forecast is that unemployment will rise to 33.6% in 2020 excluding under employment. Usually when our employment figures are produced is a total of unemployment and under employment. But if you're just looking at the figures and the projections, certainly we are facing very, very difficult times indeed. The exchange rate as we can see, official exchange rate is somewhere in the region of about $360 the dollar. The black market is say something like 440 or thereabouts and I think it has fallen in the past few days on account of the interventions with the BDCs, the CBN giving the BDCs some more money. The pressure on the exchange rate of course is evident because the CBN has responded during the pandemic by devaluing the Naira about 20% while this was in the past few months. Poverty figures, I'm sure we're all very familiar with this. The total population classified as poor by the MBS is 40%. In absolute numbers about 92 million people. The rural population classified as poor is 52.1% and the urban population classified as poor is 18%. I think there's a slide which shows us how badly hit specific sectors of the economy have been. Transportation for example is at minus 49%. Hospitality, which is the hotels is minus 40%. Education minus 24%. Retail and daily shopping is one of the worst hit with minus 83%. Real estate minus 22%. Trade minus 17%. And construction minus 40%. I was speaking to I think it's Transcore Hilton, one of the directors of the Transcore Hilton who was saying that for the past four months they've been at about 8% capacity in terms of their patronage. There's about 8% capacity. So they've had to begin to consider retrenching staff and those kinds of things. Practically every industry has been terribly hit by the pandemic and we are not here talking about informal workers who, as you know, have also had serious reverses, you know, those who are not generally considered in the figures as we present them. So you have for example people, you know, in the hospitality industry you have event centers, you have event planners, you have caterers, you have all manner of people, all supporting that industry who obviously have little or nothing to do. So in designing the plan, the question that faced us, and this as you know was a full interministerial team, the question that faced us was what should the quantity or the quantum of the stimulus be? What should the quantity be? So we looked at what if we stock to our 500 billion which we already have provided in the budget, what will be the impact of that? What if we were able to find 2.3 trillion, 2 trillion, 2.3 trillion and then 3.6 trillion? So we actually did the financial models of these options to see what impact it would have on GDP growth, what impact it would have on jobs and you know, of course, on the poverty figures also. So without the stimulus, assuming that we just stock with our budget, we would experience in 2020, that's a yearly, the overall figure, the annual figure of minus 4.40%. With the 500 billion stimulus, that will be down to about minus 1.97%. With 2.3 trillion stimulus, it will be minus 0.59% and with the 3.6 trillion stimulus, minus 0.42%. But as you can see even from the figures that we are getting today, these figures may even be somewhat conservative because from the figures that we are getting in this particular quarter, obviously, we may experience a deeper recession than, we may experience a deeper fall in GDP than we had even projected. It may not be very much more but it certainly could be in excess of minus 4.40%. So the economics sustainability plan and the programmes were designed to do certain things. First, the fiscal measures as you've seen are to save guard revenues, to reduce non-essential spending. There were of course many monetary policy measures and external support and funding. Then we had to look at tackling vulnerabilities in the health sector. I'm not going to go through all of them because we're mostly familiar with them. Then job intensive interventions, rescuing businesses and repositioning the economy. I want to just talk about the job intensive interventions because the major plan, the major foundation of this plan or the strategy if you like is to ensure that this stimulus actually provides jobs, that we are actually able to provide jobs. So the idea was to ensure that in any one of the programmes we have a large number of people employed. So the agricultural programme, the mass agricultural programme is one where we envisage that we are at least engaging. So far we've enumerated about 4 million farmers. So these are farmers that are tied to their land. So we have the geo statistics that shows where their land is. So we have about 4 million. And we expect that with each state contributing heritage for farming, we'll be able to do significant numbers if already at this state we're at 4 million. So the plan as I said is to ensure that in each one of these programmes we're engaging as many Nigerians as possible. So the, just as I said, the expected outcome for our culture, even if each farmer employs an additional person, this will result in an additional 4 million jobs and even more jobs along the value chain. We also would be looking at developing rural roads which will reduce post harvest losses, then guaranteed offtake of the produce. The way the programme is designed is that each, we have some, we have some, if you like, Angkor farmers who are big farmers and they engage several thousands of other farmers who they look, they ensure that they, that these farmers have all of their requirements and they guarantee the offtake of their produce. And we've done, we've done a lot of the service, very evident that so long as there is funding, so long as we get the funding from, this funding is meant to come from the CBN, we'll be able to implement this programme. The same goes for the housing programme, the mass housing programme. The mass housing programme is one where we're looking at building 300,000 homes across the country. We are looking at ensuring that the price of those homes does not exceed 2 million naira. We already have models that have been put up in Buenos States at the moment by the Family Homes Fund where the figure is about 2 million naira for this housing. This is the social housing scheme. Now, the Federal Ministry of Works and Housing has, there are two tracks to the housing programme. There's one which is ongoing with the Federal Ministry of Works and the one under the Family Homes Fund is also supervised by the Federal Ministry of Works. But the strategy is also to ensure that we use local materials as much as possible. So on each site, block making is going on, making of doors, window frames, etc, tiles, etc, going on, on each of those sites. The whole idea is to make sure that we patronise local industry and that we engage all of these young men and women who at the moment are out of work. One of the critical success indicators for us will be the number of young engineers, builders who are engaged in this housing project. And so we are opening up the space for them and ensuring that they are able to date for the job so that this job is not going to contract to big contractors who will take it all up. So there will be some big contractors who are supervising the smaller businesses and smaller builders. But we expect that if again we are looking at funding from the structured loans of the CBN and the expected funding here is about 217 billion, we look at the demand, 1.5 million doors, 1.8 million windows, 7.8 million hinges for 300,000 homes. I mean this is huge by any standards. And if we're able to focus on local industry, we can actually start a major revolution in building in our own country and patronise local industry and ensure that our people get the jobs that they require. So that's for mass housing. We also have the solar power strategy. The solar power strategy is also focused on creating jobs. What has happened with the solar power in our country of course is that for those who have been following, in the past few years we've been able to demonstrate that if we allow the private sector, we enable the private sector to install solar power in homes and in businesses, government itself does not have to worry about any of these things. And we don't even have to. I mean unlike what we're experiencing today, when whatever happens in the power sector almost invariably becomes a problem of the government. What we've seen with the installation of solar home systems all over the country is that the private sector is well able to not only install this but also put in place payment systems and people are willing to pay. As a matter of fact when you look at the tariffs in some of these places, the tariffs are almost invariably higher than even the tariffs that are paid for power supply from the grid. But people are prepared to pay because the power is constant. The power is 24 hours supply and they're happy with the supply of the power. People are very happy to pay. So if you look at the projects that we've done in area market, for example, or Sabangari in Kano, where these solar systems have been installed in shops and in other establishments, there has been no default in payment. The private sector people who put these solar systems there receive their pay constantly. There is no problem whatsoever. Nobody's arguing about tariffs of any kind. So it's very obvious and in Sokoto also we have a project in Torangawa in village where people are happy to pay their tariffs and jobs are created, the installers, those who are servicing the solar systems, those who are running the payment systems. These are jobs for, you know, these are jobs for so many Nigerians and people in all of these places are prepared to pay. So using that same strategy we'll be enabling about five million solar home systems to be installed across the country. Now what government will do, of course, is to provide the loans through again a CBN supported structured loan to the manufacturers and to the manufacturers of these solar home systems. Many of them of course are assembled locally and we're already working with these producers or providers of this facility. And one of the points is that the World Bank is working closely with us on this and supporting this scheme so that we expect that once we're able to get fully out there we should be able to provide, if we do, all of the five million homes, 250,000 new jobs in low and high-skill categories and 25 million individuals with new improved access to electricity and we're looking at five persons per home, five individuals per home. Again the expected funding is from the CBN structured loans. Then we have the MSME support which is a survival there's so many aspects of that. But the survival fund which the president spoke about in his speech is a payroll support and guaranteed off-take and then registration of new businesses and the guaranteed off-take of products will support continued production of priority items and benefit a hundred thousand SMEs and sustain 300,000 jobs. I think that the MSME support and support for businesses is particularly important because we're looking at support for MSMEs, payroll support. This will include private schools, payment to teachers of private schools, private businesses across the country. And this is in the form of payroll support for three months, for a three month period, just to ensure that people do not lose their jobs. Now we also expect that the MSME support will be one that will enable industries like hospitality industries especially the lower cater to benefit and I'm sure that the Ministry of Industry, Trade and Investment in the breakout sessions will give us greater details about that but these are very important aspects of the plan. Now I want to just mention especially with respect to the financing of this of the plan and this is a very critical part of the whole issue. Now if you look at the financing I don't know whether we can get on to that slide so that we see how the total stimulus package is 2.3 trillion but 1.3 trillion of that is from funds which are supposed to be in the form of structured loans from the CBN. So if that fails in the 1.3 trillion structured loans from the CBN fails and then essentially we will be unable to achieve our objectives because this is the loan that's expected to go to agriculture is the loan that's expected to go for the mass housing for the MSME support and then the solar home systems. So if these loans from the CBN for some reason do not come then we are certainly in trouble which is why you know it's crucial for us to work closely and we've been doing so to ensure that there are no obstacles to these loans coming in. As you can see from I'm not so sure whether well that slide I think it's slide 23. Agriculture is about 637 billion to provide 5 million jobs solar 152 billion 152.4 then mass housing 217.3 billion public works the 774,000 jobs program and SMEs to support 500,000 jobs in all that's 100 billion. I think that if we are able to implement these faithfully if we're able to especially to ensure that we bring in the resources necessary we certainly will be able to turn around the economic fortunes of Nigeria. The truth is that if you look at stimulus packages all over the world you know what has happened is that in many economies that have been able to dent the impact of COVID-19 the funds have been provided and they have been provided at great pains naturally. I mean the US for example providing almost three trillion now you know at some point it had been inconceivable that the US will spend that kind of especially on the Republican government and all their tight fiscal and all that it would have been inconceivable but everybody recognizes that the only way out of this particular problem is to ensure that we fund productivity fund production enable consumer spending so that people can actually go out and buy things and we have to put money into people's hands. Of course an important aspect of this is also the social investment program you know and president as you know has ordered that that program it extended by about one million new beneficiaries you know that is also important but unfortunately it appears that the NPR program you know has is making provision now for 400,000 people. I certainly think that we must look for ways of ensuring that we're able to provide for a minimum in my own opinion a minimum of 700,000 Nigerians young men and women we're going to be paying them now we're not paying them so so I think that this is very crucial if we reduce the number at all and that will be that that will really be terrible because this is the time to increase the numbers and I hope that we'll be able to work that out I know that discussions are already going on on trying to see a way to improve the numbers of those who are engaged I think I'll just leave it at that so that I would not take any longer I think the last point I'd like to make is that this is everything that we're doing has to be done immediately we are ready in day 67 since the plan we're already in day 67 nothing is going to happen by magic we have to simply do this stuff we've got to ensure that we have the money I've got to ensure that day by day we are measuring our achievements and trying to ensure that we do the things that we need to do and we simply are we're not favoured at all by time every single day the poverty situation and the economic distortions deepen thank you very much thank you excellency the vice president