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“We spent N502B on COVID-19 Intervention” – Finance Minister, Zainab Ahmed

Zainab Ahmed, the Minister of Finance, Budget, and National Planning has disclosed that the Federal Government spent N502.3 billion so far following the outbreak of COVID-19.

According to The Sun, Zainab Ahmed made this revelation on Tuesday, August 10 in Abuja during a national dialogue on COVID-19 economic impact, and assessment of national and state recovery plans and policies.

Zainab Ahmed

 

The minister stated that Nigeria was severely impacted by the pandemic since it was recovering from recession before COVID-19, which resulted in an all-time drop in crude oil prices, the country’s economic pillar.

According to her, the most important actions for which the money was used for were: establishing a N500 billion naira COVID-19 Crisis Intervention Fund to finance upgrades and enhancements to healthcare facilities.

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