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.”