Federal Government Launches Disaster Relief Fund and Economic Stabilization Bill

Following a Federal Executive Council (FEC) meeting in Abuja on Monday, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, addressed key national concerns, particularly in response to the recent flood disaster in Borno State.

During the meeting, President Bola Tinubu prioritized the establishment of a new disaster relief fund to bolster Nigeria's disaster preparedness and resilience. This fund is designed to ensure swift government action in mitigating the effects of future natural disasters and providing immediate relief to affected communities.

Mr. Edun also announced the passing of the Economic Stabilization Bill, a critical step in implementing fiscal and tax reforms aimed at fostering a more stable and growth-oriented economic environment. The bill reflects the government's commitment to tackling both immediate disaster challenges and promoting long-term economic stability.

These measures underscore the administration's dual focus on crisis management and sustained economic development for Nigeria's future.