x

Nigeria to boost economy with N2.3tn

Nigeria is injecting the sum of N2.3 trillion to stimulate its economy, in view of covid-19 pandemic.

The country’s Executive Council also called FEC on Wednesday approved the N2.3 trillion sustainability package, recommended by the Economic Sustainability Committee chaired by Vice-President Yemi Osinbajo, to revamp the economy.

It also approved N122.280billion billion to build seven roads in different parts of the country and another N14.90 billion for the award of contracts for 11 ecological projects in the six geopolitical zones.

It would be recalled that President Muhammadu Buhari set up the Osinbajo committee on March 30 to come up with an economic sustainability plan as a response to challenges posed to the economy by the COVID-19 pandemic.

The Minister of Finance and Budget Planning Mrs. Zainab Ahmed who made the disclosure while briefing State House correspondents in Abuja after the FEC meeting said the council approved the report containing the N2.3trillion package as NESP.

She said the package is a 12-month plan meant to create jobs, ensure a flow of liquidity in the economy, support small and medium enterprises and prioritise local content with the overall intention of saving the econo

Hot this week

JUST IN: NMA Declares Nnamdi Kanu Fit for Trial, Says Illness Not Life-Threatening

The Nigerian Medical Association (NMA) has informed the Federal...

ASUU Declares Nationwide Strike Over Unmet Demands

By Achadu Gabriel, KadunaThe Academic Staff Union of Universities...

Igbo Group Urges FG to Obey Court Orders, Release Nnamdi Kanu

By Anne AzukaA socio-cultural organisation, Ndi Na Asu Bia...

You’ll Remain a social media president- Wike taunts Peter Obi

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nyesom Wike...

Dualization of Apo, Wasa Junction Is Tinubu’s Fulfilled Promise — Wike

By Joyce Remi-BabayejuThe FCT Minister Barr. Nysome Wike...

Minister Wike and the zone 6 neighbourhood park conversion saga in Abuja (II)

By Tpl. Umar Shuaibu.Deriving its power from the FCT...

NAF Seeks Stronger Partnership with Journalists

The Director of Public Relations and Information of the Nigerian Air Force, Air Commodore, Air Commodore Ehimen Ejodame, made this known during an interactive session with the leadership of the Nigeria Union of Journalists (NUJ), FCT Council led by the Chairman, Ms. Grace Ike

MRA Condemns INEC’s N1.5bn Fee for Voters Register Under FOI Act

By Achadu Gabriel, KadunaThe Independent National Electoral Commission (INEC)...

Kano PCC Vows Free Justice for All, Extends Services to Remote Communities

By Jabiru HassanThe Federal Commissioner of the Public Complaints...

Tinubu Allies Target Tambuwal Over Alleged Political Betrayals

Here’s a clean, newsroom-ready version of your draft. I’ve...

Ex-ACF Scribe Warns FG Against Bowing to Pressure Over Nnamdi Kanu

By Achadu Gabriel, KadunaFormer Secretary-General of the Arewa Consultative...

Related Articles

Popular Categories

spot_imgspot_img