COVID-19: FG Seeks NASS Approval For N500bn Intervention Fund

The Federal Government has sought the approval of the National Assembly for an intervention fund to tackle the COVID-19 pandemic in the country.

Minister of Finance, Budget and National Planning, Zainab Ahmed met with NASS leadership on Saturday over an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Zainab, with senior officials from her ministry, held the meeting with the President of the Senate, Ahmad Lawan and Speaker of the House of Representatives, Femi Gbajabiamila.

The meeting which held at the National Assembly was also attended by the Deputy Senate President, Ovie Omo-Agege, Deputy Speaker of the House, Idris Wase and some other principal officers from both chambers.

According to a statement issued by the Special Adviser to the Senate President on Media, Ola Awoniyi, the meeting was a follow-up to one held last week Wednesday between the National Assembly leadership and members of the Presidential Committee which was set up for the management of the COVID-19 crisis.

“What we are proposing is an establishment of a N500 billion COVID-19 Crisis Intervention Fund,” the minister told the parliamentary leaders.
“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 N500 billion,” Zainab said.

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