The Federal Government through the Ministry of Finance on Saturday reached out to the National Assembly to intimate it with an Executive Proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, led the Federal Government’s team and met with the Senate President, Ahmad Lawan, and Speaker of the House of Representatives, Femi Gbajabiamila, to work out the modalities.
According to a release from the Office of the Senate President, the finance minister along with senior officials from the ministry held the meeting at the National Assembly.
The finance minister said, “What we are proposing is an establishment of a N500 billion COVID-19 Crisis Intervention Fund.
“This Fund, that we are proposing, that should be created, will involve mopping up resources from various special accounts that the government, as well as the Federation, have, to be able to pull this N500billion.
“Our general view is that this crisis intervention fund is to be utilised to upgrade healthcare facilities as earlier identified.”
Nigeria presently records 209 coronavirus cases with 4 deaths and 25 recoveries. The country remains shutdown as its economic and political capital sit at home.