President, Buhari Approves The Withdrawal Of $150m From The Sovereign Wealth Fund

1 month ago by: Adegbenga Ayinla
(m) at 6-04-2020 01:42PM (1 month ago)

(6678 | Gistmaniac)


Nigeria's President, Buhari has approved the withdrawal of a staggering $150m from the Sovereign Wealth Fund.

This was made public by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Monday, in Abuja during a media briefing on the fiscal policy measures to tackle the impact of the Coronavirus pandemic on the economy.
 
She said the amount would be withdrawn from the stabilisation fund component of the Sovereign Wealth Fund.
 
The fund is currently being managed by the Nigerian Sovereign Investment Authority, The PUNCH reports.
 
Zainab said the need to withdraw the amount was to cushion the negative impact of the drop in revenue on the federation account.


taypetdun (m) at 6-04-2020 02:59PM
(95 | Newbie)

This money you people are sharing in the name of one project or the other, will be answerable to it at right time
God is watching you people.
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crusita (f) at 6-04-2020 03:04PM
(825 | Upcoming)

what is really going with this government, mr Buhari and co yu kill the country to the last,under this pandemtic yu don,t help poor nigerian.Mr Buhari nigerian need help badly ,why are yu so wicked ,why on earth take that money away,this make yu sick to read ,Mr.Buhari don,t have any plant for nigerian under the lock down(shame).
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crusita (f) at 6-04-2020 07:03PM
(825 | Upcoming)

when yu steal yur country dry and yu expect IMF to loan yu money.that can not happened.mr Buhari
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crusita (f) at 6-04-2020 07:04PM
(825 | Upcoming)

when yu steal yur country dry and yu expect IMF to loan yu money.that can not happened.mr Buhari
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