Coronavirus: FG seeks National Assembly approval for N500bn Intervention Fund

The Federal Government has appealed to the National Assembly to approve N500 billion COVID-19 Crisis Intervention Fund to support the fight against the Coronavirus pandemic in the country.

The Minister of Finance, Ahmed Zainab, met with the lawmakers today April 4th at the National Assembly complex where she said the proposed fund would be dedicated to upgrading of existing health facilities in states across the federation. She added that the fund if approved by the lawmakers, would also be deployed to take care of special Public Work Programmes currently being implemented by the National Directorate of Employment(NDE).

Coronavirus: FG seeks National Assembly approval for N500bn Intervention Fund

“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 N500 billion. Our general view is that this crisis intervention fund is to be utilised to upgrade healthcare facilities as earlier identified” she said

On how the fund would be pooled, the Minister said the fund would be drawn from various special accounts, grants being expected and loans from multilateral institutions.

READ ALSO!
PTF disburses N1bn each to 32 states amid COVID-19 pandemic

President of the Senate, Ahmed Lawan, appreciated the Federal government, he said;

“I think the time has come for us to redefine the implementation of the Social Intervention Programme, probably going out to communities to give them N20,000 per person might not be the best way to go. It is still an effort, but I think we need a better approach that will be more efficient. The Federal Government also needs to be in a position to improve health care facilities not only in the states but to provide intervention to the states.

We know that there will be a need for the parliament to agree and approve the taking of loans from these special accounts and we will be coming back with a proposed bill in that regard that will define what the fund will be used for” he said

Follow us on Facebook – @Lailasnews; Twitter – @LailaIjeoma for updates

Leave a Reply

Your email address will not be published. Required fields are marked *

”I was supposed to get married today” – BBNaija’s Khafi cries out

”I was supposed to get married to Gedoni today” – BBNaija’s Khafi cries out (Video)

Another COVID-19 patient discharged in Lagos - Gov Sanwo-olu

Another COVID-19 patient discharged in Lagos – Gov Sanwo-olu