Prince Clem Agba, Minister of State, Ministry of Budget and National Planning, on Thursday gave a breakdown of the COVID-19 expenditure in the country.
“From the N500 billion stimuli from the revised 2020 budget, there is the provision of 126 billion to build resilience health system in Nigeria to prevent possible loss of lives. He said that the Federal Government also took measures to support states respond to the pandemic, adding that in the first instance, 50 per cent of the 500 billion was released to the various responsible agencies.
He said that this was to stimulate the economy and prevent job loss, adding that the plan included supporting micro small and medium enterprises through survival funds. He added that the public works programmes recruited 1000 persons per local government for the 36 states and the FCT resulting in 774,000 persons being employed.
He said that this took the form of building more than 300 roads across 266 agro communities for access. “The 2.3 trillion stimulus package comprise the N500 billion stimulus from special federal government account in the reversed 2020 budget and N1.8 trillion through CBN interventions to the private sector to stimulate the economy.“So the 1.8 trillion are not funds that are going to MDAs, they are meant for the private sector.’’
Chief Executive Officer, CODE, Hamzat Lawal, said that the conference was organised in partnership with BudgiT ,to point the torch on the role of state actors, stakeholders, civil society organisations and citizens in the accountability process of the COVID-19 intervention Funds.
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