The Federal Government has said it is working out a stimulus package that will take the country’s economy out of global recession to positive growth in 2021.
Â
The Minister of Finance, Budget and National Planning, ZAINAB AHMED, said this while fielding questions from Journalists in Abuja, following a meeting of the Economic Sustainability Committee presided over by Vice-President YEMI OSINBAJO.
Â
AHMED stated that the global economy would go into recession in 2020 as a result of the coronavirus pandemic.
Â
According to her, the prediction of the International Monetary Fund that Nigeria would go into a negative growth of 3.4 per cent next year is based on an assessment of the National Bureau of Statistics.
Â
The minister, however, noted that the stimulus package being worked out by the economic sustainability committee would be approved by the President before it would be announced to Nigerians.