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Buhari Approves Withdrawal of $150m From Sovereign Wealth Fund

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President Muhammadu Buhari has approved the withdrawal of $150m from the Sovereign Wealth Fund for distribution to the three tiers of government.

 

This was disclosed by the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, during a media briefing on the fiscal policy measures to tackle the impact of the Coronavirus pandemic on the economy PUNCH reported.

 

Minister Ahmed said that the  $150m will be withdrawn from the stabilisation fund component of the Sovereign Wealth Fund.

 

READ ALSO: BREAKING: Bala Mohammed Recovers From Coronavirus, Tests Negative

 

 

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