Recession: FG Releases Fresh N350bn To Boost Economy.

The Federal Government in a bid to stimulate economic activities says it is releasing additional N350bn for capital projects captured in the 2016 budget.

The Minister of Finance, Mrs. Kemi Adeosun, gave the figure on Friday while briefing journalists on interventions measures being taken by the government to reflate the economy which is currently in recession.

She said that the release of the additional N350bn brings the total capital releases made by the government to N760bn.

She said with the economy in recession, the level of consumer demand would be reduced drastically hence the need for government to step in by injecting liquidity.