By Levinus Nwabughiogu
Abuja — To rebound the dwindling economy, the Federal Government, yesterday, announced its readiness to inject a total of N350 billion into the economy.
The decision was reached at the end of a two-day retreat for governors of the 36 of the federation and members of the National Economic Council (NEC) at the Presidential Villa in Abuja.
The Minister of Finance, Kemi Adeosun, made the disclosure alongside Minister of National Planning, Mr Udoma Udo Udoma; Governor Abdul'aziz Yari of Zamfara State, who is also chairman of the Nigerian Governors Forum and Governor Willi Obiano of Anambra State at a press conference.
According to her, part of the money will help offset the debt owed local contractors, who had laid off their workers for lack of funds.
She said: "We deliberated extensively on the drop in revenue, particularly as to how it affects the state governments and their ability to pay salaries and obligations. The general resolve of the house and consensus was that there was need to bring in more cost efficiency in their operations.
No comments:
Post a Comment