Federal Government of Nigeria to inject N350bn to resuscitate economy

As part of efforts to resuscitate the declining state of the economic in Nigeria, the Federal government has recommended to inject N350 billion into the economy within the next few months.

Kemi Adeosun, Minister of Finance, announced this to newsmen at the end of the National Economic Council Retreat in Abuja yesterday March 22, 2016.

"From the Federal Ministry of Finance in anticipation of the approval of the budget, we have virtually lined up about N350 billion which we would be pumping into the Nigerian economy in the forth coming months. We explained our rational and the processes that we have put in place to ensure that this money actually achieves the desired objective which is to stimulate the economy. Part of the money will help offset the debt owed local contractors, who had laid off their workers for lack of funds” she said