FEC Approves N2.3trn Stimulus Plan For COVID-19 Pandemic

The Federal Executive Council on Wednesday at a teleconference approved the sum of N2.3trillion COVID-19 stimulus plan to support the country’s economy in the face of the global pandemic.

The stimulus plan was recommended by the Economic Sustainability Committee which was chaired by the Vice President, Professor Yemi Osinbajo.

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The Minister of Finance, Budget and National Planning, Zainab Ahmed made this known at the end of the meeting.

Ahmed stated that the approval was given at a virtual meeting of the council which was presided over by President Muhammadu Buhari.

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