COVID-19: FG seeks NASS approval of N500bn Intervention Fund

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The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Saturday, met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 crisis Intervention Fund.

Mrs. Ahmed, with senior officials from her ministry, held the meeting with the President of the Senate, Ahmad Lawan and Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila.

“What we are proposing is an establishment of a N500 billion COVID-19 Crisis Intervention Fund,” the minister told the parliamentary leaders. “The Federal Government also needs to be in a position to improve health care facilities not only in the states but to provide intervention to the states,” Mrs Ahmed said.

Earlier in his remarks, Lawan said the meeting was in fulfilment of an earlier promise to provide support as the need arises in this time of crisis. “Governance requires that we work together, so we want to listen to those things that you have on your side and how we can also play our constitutional role in ensuring that Nigerians continue to benefit from governance and how we are able to weather the storm created by COVID-19.

 

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500 billion to spend on what? is it on lock down Nigerians or for the test kit, you should first xplain to we Nigerians before seeking for the approval from bird of the same feather. That's my point.

Covid-19, A big opportunity for treasury loot in Nigeria.

They should first of all, account for the over 50 billion that was raised for stimulus packages meant for the poor, before asking for an approval of another half a trillion to squander. Group of thieves, proudly practicing thievery at the expense of the whole nation.

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