BREAKING: FEC approves N2.3 trillion stimulus plan for Nigerian economy
The Minister of Finance, Budget and National Planning, Zainab Ahmed, announced the approval at the end of the FEC meeting.
The NESP is a 12-month ‘Transit’ Plan between the Economic Recovery and Growth Plan and the ERGP-successor-plan currently being worked upon. “We have also seen a significant impact on the poor and the vulnerable and even people that were okay as small traders, have been hard hit …,” she said.The minister also said the council noted interventions in the plan that would prevent businesses from collapsing and also infuse liquidity into the Nigerian economy.
“So we expect – for road construction, for instance – we expect the minister of works not to buy bitumen but to consider the use of gemstones and cement or other materials that can be used here. That way we conserve our resources and will also be able to ignite other sectors within the economy,” she explained.“The same thing for housing as well.
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