THUR, MARCH 19 2020-theG&BJournal-The Federal Government is seeking to inject a stimulus package of about N1 trillion into the economy to cushion the possible outcome from the coronavirus (COVID-19).
Later on March 21 2020, the Central Bank of Nigeria (CBN) governor Godwin Emefiele and bank chiefs will meet to strategize on the stimulus plan.
The Central Bank said Wednesday, the package will include a N1.5 trillion private sector contribution of infrastructure funding that will link farming communities to markets that is underway and an additional N100 billion loan to health sector.
The CBN governor also directed all deposit money banks to increase their support to the pharmaceutical and healthcare industries and urged all regulated entities in the banking industry to trigger their business continuity plans to ensure that their operations remain ‘’largely undisrupted.’’
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