Minister of Finance, Budget, and National Planning, Zainab Ahmed has revealed that the Federal Government, is in the process of acquiring a 750 million dollar loan, from the world bank.
The Minister revealed that the loan is for states to mitigate the effect of the COVID-19 pandemic on the economy.
According to the minister, the loan aims to stimulate the local economy and support vulnerable household consumption.
Also Read:Â Buhari Signs Banks And Other Financial Institutions Act 2020
Mrs. Ahmed made this known at the inauguration of the Federal Steering Committees of the Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) program, in the nation’s capital.
The minister noted that the federal government has created windows of intervention, as captured in the economic sustainability plan inaugurated by President Muhammadu Buhari, in March 2020.
