We’ve Spent N502.3bn On COVID19 Intervention – Finance Minister
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postorous: We’ve Spent N502.3bn On COVID19 Intervention – Finance Minister 2021-08-11 09:19:26
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, has revealed that the Federal government has so far spent N502.3 billion to stabilize the economy after being hit by the rampaging COVID-19 pandemic.

The Sun reports that Ahmed made the disclosure while speaking at the national dialogue on COVID-19 economic impact and assessment of national and states’ recovery plans and policy options in Abuja on Tuesday, August 10. According to the Minister, Nigeria was deeply affected by the pandemic because it was recovering from recession before COVID-19 led to an all-time fall of crude oil prices being the economic pillar of the country.

According to Ahmed, the key interventions the N502 billion was used for include: the establishment of an N500 billion COVID-19 crisis intervention fund to finance the upgrade and improvement of healthcare facilities; the creation of a Special Public Works Programme to employ 774,000 people, among others.

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