FG releases fresh N620m to prevent the spread of dreaded coronavirus

The Federal government has released N620 million to prevent future occurrences of the dreaded coronavirus.

However, the Minister of Finance, Zainab Ahmed, while briefing the media on Friday, March 6th, revealed that the approval and release of the funds by President Buhari was based on emergency.

She further stresses that the first half of N364 million was earlier released, making a total of N984 million released to grasp the spread of the virus in the country.

“The approval by President Muhammadu Buhari for the release of funds to tackle COVID-19 was an emergency and the process of releasing the fund was also an emergency as it was an unexpected expenditure,” the statement read.

“However, the Ministry of Finance, Budget, and National Planning had released the first tranche of N364 million some time ago and the process of releasing the second tranche has been concluded with the release of N620 million this morning, bringing total release to N984 million.

“Responding to a media inquiry yesterday,  the Honourable Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, promised  that the second tranche of the needed fund would be released today, which has been done, keeping to the promise,” she said

Related video

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.