FG to inject N350bn to revive economy

The Minister of Finance, Kemi Adeosun, has disclosed that the Federal Government intends to inject N350 billion into the Nigerian economy in the months to come, The Nation reports.

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).

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

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.