Wale Edun, minister of finance and the coordinating minister of the economy, says the federal government has received the sum of ¥15 billion from the Japanese International Cooperation Agency to support the country’s national agricultural scheme project.
Edun spoke while addressing state house correspondents after the federal executive council meeting on Monday. He said the loan is payable for the period of 30 years with 10 years moratorium and an interest rate of 10 percent.Speaking further, Edun disclosed he informed the council of President Bola Tinubu’s approval of a request to establish an economic management task force which will implement major measures aimed at growing the economy, increasing production, and creating jobs while also reducing poverty.
Edun said in the next six months, the task force comprised of the economic management team, the private sector, and representatives of the Nigerian Governors Forum,Also, Edun said the federal government has officially ratified its membership of the European Bank for Reconstruction and Development , through preliminary approval.
He said this would further enable the country to use infrastructure as a multiplier to boost the nation’s economy.Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!