FG, States To Work Together On Forthcoming Economic Stability Plan
Members of the National Economic Council rose from their first virtual meeting today with a resolution to ensure a more effective synergy between the Federal Government and the sub-nationals especially in matters related to the fallouts of the COVID-19 pandemic, including how to effectively and efficiently reopen the Nigerian economy after the lockdowns and shutdowns across the country.
Such a plan is expected to introduce a substantial stimulus package running into a couple trillion Naira, ensure that Nigeria as a country gets through the COVID-19 economic challenges and in fact chart a path of growth and development for the Nigerian economy by ensuring massive productivity in several sectors including agriculture, power, infrastructure, technology and several others.
The Minister stated that Nigeria is faced with perhaps the most challenging economic challenge in its history. The global economy is also facing its sharpest reversal since the great depression and these have health and economic implications. BRIEFING ON THE FORTHCOMING ECONOMIC SUSTAINABILITY PLAN AND INITIATIVES BY MINISTER OF FINANCE, BUDGET AND NATIONAL PLANNING
PRESENTATION ON NIGERIA COVID-19 ACTION RECOVERY AND ECONOMIC STIMULUS PROGRAM PROGRAM CONCEPT AND DESIGN BY THE WORLD BANK COUNTRY REPRESENTATIVE The Word Bank planned a proposed Support package for immediate Fiscal Relief for the Federal Government. This would involve policy-based budget support for the Federal Government focusing on measures to maintain macro-financial stability and create the fiscal space for a pro-poor stimulus package.
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