The Ministry of Budget and National Planning says it has designed a fiscal stimulus strategy that will help the country to come out of its economic recession.
This is contained in a document entitled “ Turning a Crisis into an Opportunity: the Economy and the 2017 Budget,’’ obtained by the News Agency of Nigeria (NAN) on Tuesday in Abuja.
The document was presented by the Minister of Budget, Sen. Udoma Udo Udoma, at the recent Ministerial Retreat, to harvest ideas to come out of the economic crisis.
Udoma said that Economic Management Team had been working on a plan to generate an immediate large injection of funds into the economy.He said that the team had plans to generate and inject large amount of funds, principally in foreign currency, estimated at 10 to 15 billion dollars into the economy.
The minister said that funds would…