FG to revive economy with N350bn, Minister says

Dimeji Akinloye 18:57 - 22 March 2016

Nigeria's Finance Minister Kemi Adeosun speaks after the inauguration of the Efficiency Unit during an exclusive interview with Reuters in Abuja, Nigeria, November 30, 2015 REUTERS/Afolabi Sotunde

Report said the money is intended to revive significant activities back into the economy.

The Minister of Finance,

Adeosun stated this on Tuesday, March 22, while speaking to State House correspondents at the end of the two-day National Economic Council (NEC) Retreat at the Presidential Villa, Abuja.

The move is based on the yet-to-be passed 2016 Budget, which is before the National Assembly (NASS).

READ: ‘We’ve found another 11,000 ghost workers on FG payroll,’ Adeosun says

Adeosun said it will partly be used to offset contractual debts in the country.

NASS had fixed March 17 for passage of the budget but shifted it again, for the second time. No new date has been set for the approval of the document.