Nigeria to inject $1,7bn into economy

moneyLAGOS. — The Nigerian government has concluded plans to inject $1,7 billion to stimulate the economy, Minister of Finance Minister Kemi Adeosun said on Tuesday.

The fund which expected to be released in the next few months as soon as the 2016 Appropriation Bill is signed into law, will stimulate significant economic activities, Adeosun said in Abuja at a media briefing at the end of the two-day National Economic Council retreat.

“We are specifically looking at contractors who have laid off staff and how many Nigerians are they going to put back to work as a result of this money that we are planning to release,” she added. — Xinhua.

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