FG TO INJECT N350 BILLION INTO ECONOMY - Rahmon's Blog

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Wednesday, March 23, 2016

FG TO INJECT N350 BILLION INTO ECONOMY

It is reported that the Minister of Finance ,Mrs Kemi Adeosun informed the nation the plan of the FG to release N350 Billion to stimulate productivity and economic activities, in Abuja, yesterday . The action will be immediate to ease the cash crunch.
The high non fluidity of money  in the circulation is contemporary theme of talks everywhere.  Even the rural  people flinch about the heat . A sour song of "no money" that is sang without any  unknowingly beat to drum, let alone to dance .
When the money   is released we hope that the effect trickles down  to last sector of the economy , the poor households.
My fear  are the banks  dishonest in applying  the fund to its appropriate target . Not to flout the CBN directives on this fund.
Wh

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