Nigeria- The federal government is set to release the N350 billion which it set aside to boost the economy, a presidency source disclosed in Abuja, Tuesday.
It was learnt that the money is available and would be released as soon as the budget is passed. The strategy is one of the various first-line actions of the federal government to put life into the economy that has been under stress for several months. Contractors have already expressed their readiness to return to sites of various uncompleted projects across the country.
Many of the contractors, especially those constructing various roads across the country returned to site early last month when the decision of the federal government to push the N350 billion into the economy was announced. Indeed some of them started skeletal works but was halted almost immediately, as they adopted an attitude of “wait and see”, on the modalities of disbursing the said amount. FG compiles list of N5,000 monthly beneficiaries It was also learnt that the list of beneficiaries of the federal government monthly N5,000 conditional cash transfer is already being compiled. One million poor Nigerians will benefit from the programme.
No comments:
Post a Comment