Business News of Tuesday, 7 April 2020
Source: www.mynigeria.com
Buhari establishes N500bn COVID-19 Crisis Intervention Fund
President, Major General Muhammadu Buhari (retd.)
President, Major General Muhammadu Buhari has established a N500bn COVID-19 Crisis Intervention Fund.
According to the Minister of Finance, Budget and National Planning, Zainab Ahmed, the fund will involve drawing much-needed cash resources from various Special Funds and Accounts, in consultation with the approval of the National Assembly.
The N500 billion is proposed to be utilised to upgrade healthcare facilities as earlier identified by the Presidential Task Force on COVID-19 & approved by @MBuhari. The Fund is also to finance FGNs interventions to support states in improving healthcare facilities...
— Ministry of Finance, Budget and National Planning (@FinMinNigeria) April 7, 2020
The N500 billion is proposed to be utilised to upgrade healthcare facilities as earlier identified by the Presidential Task Force on COVID-19 & approved by Buhari.
The Fund is also to finance FGNs interventions to support states in improving healthcare facilities.
It will assist in the creation of a Special Public Works Programme; and Fund any additional interventions that may be approved by Mr. President.
Ministerial Press Statement by Mrs. Zainab Shamsuna Ahmed on Fiscal Stimulus Measures in response to the COVID-19...
Posted by Federal Ministry of Finance on Monday, April 6, 2020
