Tinubu Injects N2trn To Stimulate Economy

A woman selling fresh fish prepares some pieces for a client at a market in the Obalende area of Lagos on December 18, 2023. The Finance Minister and Coordinating Minister of the Economy Wale Edun Tinubu gave the approval on Thursday while unveiling an accelerated stabilisation and advancement plan.

He presented the plan while inaugurating the Presidential Economic Coordination Council at the State House in Abuja, three months after a 30-member committee was constituted to revive the economy in the short term.

“They were presented with the outcomes of Mr. President’s review of the accelerated stabilisation and advancement plan. “It is an emergency plan to cover the next six months, which Mr. President had directed his economic team, the sub-nationals, and the private sector to put together for his consideration.

“In addition to a range of policy and tax measures, there is a range of executive orders which Mr. President has signed and which are being gazetted to ease the cost of doing business. There are a number of funding which will reduce the cost of interest rates for certain sectors, small and medium scale in particular, but also larger companies.

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