As part of efforts to revive the dwindling state of the economic in Nigeria, the Federal government has proposed to inject N350 billion into the economy within the next few months.
Minister of Finance, Kemi Adeosun, announced this to newsmen at the end of the National Economic Council Retreat in Abuja yesterday.
“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.