Good times are here again! The Federal Govt to inject N350b into the economy soon

The Federal Government will
inject a total of N350 billion
into the nation’s economy
within the next few months to
stimulate the economy.
This revelation was made by
the Minister of Finance, Kemi
Adeosun , at a press
conference held at the
conclusion of a two-day
retreat for governors of the 36
states of the federation and
members of the National
Economic Council (NEC)
which held at the Presidential
Villa in Abuja.

Addressing journalists at the
press conference, she said,
“We deliberated extensively
on the drop in revenue,
particularly as to how it
affects the state governments
and their ability to pay
salaries and obligations. The
general resolve of the house
and consensus was that
there was need to bring in
more cost efficiency in their
operations. In particular, to
look at the setting up of the
efficiency unit within the state
governments, to rationalise
expenditure and, of course, to
increase IGR. To that end,
there was a need to generate
data because data is the
basis of any revenue
collecting efforts.