Covid-19: FG Targets N2trn Stimulus Injection Into Economy
Covid-19: FG Targets N2trn Stimulus Injection Into Economy

The Federal Government says it expects the injection of about 2 trillion naira stimulus into the economy in response to the COVID-19 pandemic and the fall in oil prices.

The Minister of State for Budget and National Planning, Prince Clem Ikanade Agba, said this at a webinar on Citizens “Dialogue Session on Government Fiscal Policy Decisions to the Fall in Oil Proces and the COVID-19 Pandemic” organised by the Federal Ministry of Finance, Budget and National Planning.

Agba, in response to a question on what the Economic Sustainability Committee under the Chair of Zainab Ahmed, was doing to deal with the pandemic and the fall in crude oil prices, said the committee had outlined five broad policy objectives with which to deal with the problems.

Agba also speaking, at the virtual meeting where the Minister of Finance, Budget and National Planning, Zainab Ahmed participated, stated that they are fighting a dual pandemic, both health and economic pandemic.