JUST IN: FG ESTABLISHES DISASTER RELIEF FUND
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The federal government has established a disaster relief fund to deal with disasters like flooding.
This was told to journalists on Monday by Wale Edun, Minister of Finance and Coordinating Minister of the Economy, at the State House in Abuja, following the Federal Executive Council (FEC) meeting presided over by President Bola Ahmed Tinubu.
According to the minister, disasters will continue to occur in this period of climate change, regardless of the prevention efforts in place.
He stressed the significance of pooling finances from many sectors and being ready when calamity strikes.
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Edun also stated that the council approved the Economic Stabilisation Bill, which was largely based on the Fiscal Policy and Tax Reform Committee’s recommendations.
He explained that this law aims to carry out the committee’s recommendations, which include suggested changes to the Companies Income Tax.
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