Day 476: FG to boost economy with N350b. 

By on September 16, 2016

The Minister of finance, Kemi Adeosun has revealed that the Federal Government will pump N350b into the economy, to boost it.

Adeosun also said what the government wants to do is to push money into the economy to jumpstart the economy.

The minister also revealed that the government has released over N420b, which was invested in the power, works and housing sector of the economy.

She said “What government wants to do is to step in and begin to spend and pushing more money into the economy and then get things moving again.

“Since the budget was passed in May we have released and cash backed fully N420bn capital releases. As we speak now, we are about releasing another N350bn that’s between May and now.

“One of the sectors we spent the money on, of course the largest has been power, works and housing. Quite a lot has gone on defence because we need to rebuild the credibility of our army to continue in their efforts in the new phase, interior, transport.”

Less than two weeks after President Muhammadu Buhari launched the controversial ‘Change begins with me’ campaign and called on Nigerians to shun lawlessness and embrace values such as honesty and integrity, it has been discovered that the parts of President’s speech was plagiarised.

Parts of the President’s speech was plagiarised from United States President Barrack Obama’s November 4, 2008 victory speech in Chicago,ThisDay columnist Adeola Akinremi pointed out in his column for the paper on Friday.

A review of both speeches showed that indeed parts of Obama’s speech were lifted verbatim.

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