Federal Government To Inject $15bn Into Recessed Economy

The Republican News

By NAN   |  
Minister of State, National Planning and Budget, Hajia Zainab Ahmed, Minister, National Planning and Budget, Senator Udo Udoma and Minister of Finance, Mrs Kemi Adeosun PHOTO: PHILIP OJISUAThe 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…

View original post 597 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.