25 million Nigerians benefitting from Economic Relief Measures, says Minister

By emmanuel MALAGU

Minister of Finance and Coordinating Minister of the Economy, Wale Edun (right) listening to Anambra Governor, Chukwuma Soludo

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun says Nigeria’s Excess Crude Account stands at $473,754.57bn, the Natural Resources Fund at ₦26,105,837,627.67, and the Stabilisation Account at ₦36,299,452,763.62.

The Minister made this known while briefing  the National Economic Council on several Key National Accounts at a Meeting at the Presidential Villa in Abuja on Thursday.

He also updated NEC on current Economic Relief Measures, with 25 million Nigerians benefitting from Federal Social Protection Initiatives.

This, he said include the Digital Outreach, Microenterprise Loans, and Sector-Specific Support for Power, Agriculture, Manufacturing, Health, and Compressed Natural Gas (CNG) Initiatives.

Edun also announced a new Government Policy that would permit Nigerians who currently hold Dollars outside the Formal Banking System to bring those Funds into the Financial System.

This, he said will be done within a nine-month period, without facing any Legal Liability or Financial Penalties.

 

Credit NAN: Texts excluding Headline