FG’s N60bn economic stimulus out next week – Today.ng

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The federal government says it will release an additional N60 billion next week, as part of ongoing efforts to tackle infrastructure deficit and facilitate revitalization of the economy.

Finance Minister, Mrs. Kemi Adeosun, disclosed this on Thursday while addressing Senators on the state of the country’s economy since the 2016 budget came into effect. She said all the releases made so far were fully cash backed.

A breakdown of the money released shows that N170 billion was given to the Ministry of Works, Power, and Housing, with works alone getting N74 billion in two months, and Agriculture received N21.6 billion within the same period.

The Finance Minister told the legislators that all agricultural equipment now come into the country at zero percent (0%) custom duty, stressing that it will aide government’s economic diversification efforts and improve the drive towards food sufficiency.

Read more at https://www.today.ng/business/159737/fgs-n60bn-economic-stimulus-week