The Nigerian government says it will inject 350 billion Naira into the economy in the next few months to stimulate it.
Explaining that the Federal Government is keen at using the 2016 budget to fast-track economic diversification, the Minister of Finance, Mrs Kemi Adeosun, said efforts had been put in place to ensure that the spending on the capital projects trickles down to all Nigerians.
Mrs Adeosun, in her paper at the second day of the National Economic Council retreat in Abuja, said: “We are going to spend money and this will be done in a disciplined manner and in right places.
“The Federal Government has a platform and system of control in place to ensure transparency. Spending will not be reckless.
“We are pumping 350 billion Naira into the economy in the next one quarter to help the economy to bounce back. That has never happened in the history of this country”.
According to her, part of the money would be used to offset contractual debts.
Credit: ChannelsTv
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