The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, has said the Federal Government will spend $6bn (₦2.3tn) to revive the nation’s economy as part of the Nigeria Economic Sustainability Plan (NESP) to ameliorate the effects of COVID-19, Daily Times gathered.
Adesina disclosed the information in a presentation at the 2nd Annual Conference and General Meeting of the International Islamic University Malaysia Alumni Association, Nigeria chapter, held on Saturday but issued the statement on Sunday.
Adesina said the NESP comprised ₦500bn COVID-19 Crisis Intervention Fund meant to upgrade health facilities nationwide and finance a national Special Public Works Programme; ₦1.1tn structured lending from the Central Bank of Nigeria; ₦334bn to be derived from external bilateral and multilateral sources; and ₦302.9bn from other undisclosed sources…
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