The Federal government has approached the leadership of the National Assembly for approval for the establishment of a N500 billion COVID-19 Crisis Intervention Fund.
The Minister of Finance, Ahmed Zainab, met with the lawmakers on April 4th at the National Assembly complex.
At the meeting, Ahmed said the proposed fund would be dedicated to upgrading of existing health facilities in states across the federation.
She said “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”