FG spent N2.3trn as Covid-19 stimulus package to Nigerians


The Minister of State, Budget and National Planning, Clement Agba, said President Muhammadu Buhari-led federal government had spent 2.3 trillion naira as stimulus package to cushion the effect of COVID-19 pandemic in the country.

Agba said this yesterday at a three-day 4th National Treasury Workshop organized by the Office of the Accountant General of the Federation in Uyo, the capital of Akwa Ibom state.

He said these interventions created a large number of jobs, empowered farmers and entrepreneurs, conserved foreign exchange and provided guaranteed offtake of output, especially in agriculture and housing.

The minister added that in spite of the COVID-19 challenges, Nigeria was still the largest economy and most populous in Africa.

Clement Agba said the federal government would continue to provide the enabling environment for businesses to thrive in the country.