The federal government has established a disaster relief fund to address disasters such as flooding.
This was disclosed to journalists on Monday by Minister of Finance and Coordinating Minister of the Economy, Wale Edun, at the State House, Abuja, after the Federal Executive Council (FEC) meeting presided over by President Bola Ahmed Tinubu.
According to the minister, in this era of climate change, no matter the prevention measures in place, disasters will still occur.
He emphasised the importance of pooling funds from various sectors and being prepared when disasters strike.
Edun also revealed that the council passed the Economic Stabilization Bill, which is largely based on the recommendations of the Fiscal Policy and Tax Reform Committee.
He explained that this bill is aimed at implementing the committee’s recommendations, including proposed amendments to the Companies Income Tax.
Don’t Miss The Opportunity Awaiting You. Click the link below 👇
https://faikudoka.net/4/5193489
Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it.
Drop your comment in the section below, and don’t forget to share the post.
Never Miss A Single News Or Gists, Kindly Join Us On WhatsApp Channel:
https://whatsapp.com/channel/0029Vad8g81Eawdsio6INn3B
Telegram Channel:
https://t.me/gistsmateNG
