N2.3tn was spent as stimulus package for COVID-19 — FG

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The Minister of State for Budget and National Planning, Prince Clem Agba said the Federal Government spent more than N2.3trillion as a stimulus package to cushion the effects of the COVID-19 pandemic. Agba disclosed this on Tuesday at the 3-Day 4th National Treasury Workshop with the theme: ‘Covid-19 and the global economy: Implications on Nigeria’s National Treasury,’ organised by the Office of the Accountant General of the Federation which held in Uyo, Akwa Ibom state capital. He said that the fiscal and monetary policies were support to states, businesses, households and individuals through grants, tax relief, payroll support, tariff reductions, and direct support to the health sector.

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