Home News 2016 budget: FG to recruit 500,000 teachers, reduces taxes for smaller businesses

2016 budget: FG to recruit 500,000 teachers, reduces taxes for smaller businesses

by Our Reporter

The Federal Government would recruit 500,000 teachers to be deployed
to various schools across the country” as an emergency measure to
solve chronic shortage” of teachers in public schools.

Speaking during while presenting the 2016 budget to the joint section
of the National Assembly in Abuja, President Muhammadu Buhari said the
federal government would partner with State and Local Governments to
recruit, train and deploy unemployed graduates and NCE holders as
teachers and deployed to primary schools to enhance the provision of
basic education in our rural areas.

President Buhari said the 2016 budget, in every aspect of its
execution, would focus on meeting the challenges of current rate of
unemployment in the country, adding that the job creation drive would
be private sector led.

“We will encourage this by a reduction in tax rates for smaller
businesses as well as subsidized funding for priority sectors such as
agriculture and solid minerals,” he said.

“We also intend to partner with State and Local Governments to provide
financial training and loans to market women, traders and artisans,
through their cooperative societies. We believe that this segment of
our society is not only critical to our plan for growing small
businesses, but it is also an important platform to create jobs and
provide opportunities for entrepreneurs.

“Through the office of the Vice President, we are working with various
development partners to design an implementable and transparent
conditional cash transfer program for the poorest and most vulnerable.
This program will be implemented in phases. Already, the compilation
of registers of the poorest persons is ongoing. In the coming weeks,
we will present the full programme, which will include our home-grown
public primary school feeding and free education for science,
technology and education students in our tertiary institutions.
Indeed, this will mark a historic milestone for us as a nation.”

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