President Buhari releases huge sum of money to fight coronavirus, see amount

The Federal government of Nigeria has released N620 million to tackle coronavirus disease, Minister of Finance, Zainab Ahmed confirmed.

In a statement released on Friday 6 March, the Finance minister said the approval and release of the funds by President Muhammadu Buhari was based on emergency to fight the virus which was first recorded on 24 February 2020.

She said the first tranche of N364 million was earlier released, making a total of N984 million released to fight the spread of the virus in the country.

The statement reads:

“The approval by President Muhammadu Buhari for the release of funds to tackle COVID-19 was an emergency and the process of releasing the fund was also an emergency as it was an unexpected expenditure.

“However, the Ministry of Finance, Budget and National Planning had released the first tranche of N364 million sometime ago and the process of releasing the second tranche has been concluded with the release  of N620 million this morning, bringing total release to N984 million.

“Responding to a media enquiry yesterday,  the Honourable Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, promised  that the second tranche of the needed fund would be released today, which has been done, keeping to the promise,” the statement said