Mr. Clement Agba – Minister of State for Finance Budget and National Planning.

The Federal Government, through the Minister of State for Budget and National Planning, Prince Clem Agba says it has spent N2.3tn on Covid-19 relief packages. The Minister said this on Tuesday at a 3-day workshop in Akwa Ibom state.

Why it matters?
As Nigeria continues to recover from the global pandemic that hit the world in March 2020, the Federal Government keeps doing everything in its power to restore the economy. Also, the Federal Government has been giving relief packages to its citizens to help them weather the storm.

Clem said, “COVID-19 which started as a health pandemic snowballed into an economic
pandemic, so, to accelerate quick recovery of the economy, we developed some strategies which included; national stimulus economic package, mobilization of external support and funding and increase in non-oil revenue generation.”
 
“These were aimed at retaining and creating jobs, increasing our productivity ensuring social stability and addressing long-standing economic vulnerabilities.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Nigeria Chief of Army Staff Dies in Crash

Nigeria’s Chief of Army staff Lt. Gen. Ibrahim Attahiru and 10 other…

Gunmen abduct UNIABUJA residents

On Tuesday, gunmen invaded the staff quarters and abducted a professor of…

COP26; Nigeria needs $1.5trillion – Buhari

President Muhammadu Buhari on Tuesday said 1.5 trillion dollars is the estimated…

Buhari to attend COP26 conference in Scotland

President Muhammadu Buhari has left Abuja for Glasgow, Scotland to attend the…