FG Spent N2 billion as Stimulus Package on Nigeria

The Federal Government says it has spent about 2.3 trillion Naira as a stimulus package to cushion the effects of the COVID-19 pandemic on Nigerians.

Minister of State, Budget and National Planning, Clem Agba disclosed this on Tuesday at a 3-Day National Treasury Workshop organized by the Office of the Accountant General of the Federation in Uyo, Akwa Ibom State capital.

Giving a breakdown of the expenditure, Agba said the packages consisted, to a large extent a combination of fiscal and monetary policies, sectoral interventions, and social programmes.

The Minister added that the fiscal and monetary policies were supports to states, businesses, households and individuals through grants, tax reliefs, payroll support, tariff reductions, and direct support to the health sector.