Friday, October 30, 2020

FG begins distribution of palliatives worth N10.9 billion

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The Federal Government has commenced the distribution of palliatives worth N10.9 billion to households and Micro, Small, and Medium Enterprises.

President Muhammadu Buhari disclosed the new move while delivering a speech via video-message, on the first day of the 75th session of the UN General Assembly Debate.

According to him, the disbursement of the sum is part of efforts to reduce the suffering of Nigerians imposed by the COVID-19.

The President restated Nigeria’s commitment to working with other member states to promote the well-being of citizens.

In addition, President Buhari noted that the government has established a N500 billion fiscal stimulus package for sustained delivery of humanitarian and social interventions to poor and vulnerable households, while the Central Bank has launched a N3.5 trillion-stimulus package to boost manufacturing and facilitate import substitution.