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FG releases fresh N620m for fight against coronavirus

FG releases fresh N620m for fight against coronavirus

The Federal government has released N620 million for the fight against coronavirus. 

Minister of Finance, Zainab Ahmed, in a statement released
on Friday March 6th, said the approval and release of the funds by
President Buhari was based on emergency.

She said the first tranche of N364 million was earlier
released, making a total of N984 million released to tackle 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 sometime 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 enquiry 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

Nigeria recorded its first case of the virus on February 24th.

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