COVID-19: Buhari orders $150m withdrawal from NSIA to augment monthly allocations

 

President Muhammadu Buhari has reportedly directed that $150 million be withdrawn from the National Sovereign Investment Authority (NSIA).

The Cable reports that Zainab Ahmed, the minister of finance, budget and national planning, made this known to newsmen in Abuja.

The minister explained that the withdrawal would be made from the NSIA stabilisation fund to augment disbursements by the federation accounts allocation committee to the three tiers of government.