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Tuesday, April 07, 2020 01:37
AM / PwC Nigeria/ Header Image Credit: @FinMinNigeria
Nigeria's Minister of Finance, Budget and National Planning has
announced fiscal stimulus and other interventions in response to Covid-19
pandemic and the oil price fiscal shock. Below are the highlights:
COVID-19 Crisis Intervention Fund
Subnational support
Budget revision and funding
Tax reliefs and allowances
Overall,
there will be better coordination of Ministries of Finance, Budget and National
Planning; Industry, Trade and Investment; Petroleum Resources; Health; as well
as the CBN, to pursue greater coherence and coordination of Nigeria's fiscal,
monetary as well as trade policies, during the difficult days and months ahead.
The Economic Sustainability Committee chaired by the Vice President will lead
these efforts.
Download Here - Ministerial Press Statement on Fiscal Stimulus Measures in Response to the COVID-19 Pandemic & Oil Price Fiscal Shock
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