Buhari’s Stimulus Package Good For Economy, Says Uzodinma
Buhari’s Stimulus Package Good For Economy, Says Uzodinma

Imo State Governor Hope Uzodinma has said the stimulus package by President Muhammadu Buhari would help steady the economy post-COVID-19.

He urged the National Assembly, the political class and economic drivers to support the package aimed at overcoming the economic challenges posed by the coronavirus pandemic.

He said the package has vindicated his position that only a homegrown initiative will steer the country away from a post-COVID-19 recession.

According to him, the package which includes interest rate cuts on all applicable Central Bank of Nigeria CBN intervention funds, as well as the creation of 1,000 jobs in each of the 774 LGAs, would assist Nigeria with the post-pandemic era.

Uzodinma hailed the one-year moratorium on loan servicing and the 50 billion naira targeted credit facilities for households, small and medium enterprises.