Wale Edun, the minister of finance and the coordinating minister of the economy, stated this on Monday after the Council Meeting presided over by President Bola Tinubu at the Presidential Villa, Abuja. Edun disclosed that the support is for three months and will be on 30 years moratorium with 10% interest rate. Edun noted that the provision is a bilateral support that will not place any form of strain on Nigeria financially. “There is support for agriculture development from the Japanese International Cooperation Agency (JICA), on national agricultural growth scheme project, essentially around 15 billion yen for the agricultural sector and is essentially 30 years moratorium, at 10% interest rate. So, it’s a kind of bilateral support that doesn’t put a strain on Nigeria financially, Ofcourse, it helps in the agricultural sector,” he said Edun further disclosed that he informed the Council of President Tinubu’s approval of a request to set up an economic management task team force that will implement major measures aimed at growing the Nigerian economy, increase production and create jobs that will also reduce poverty. He disclosed that the team will work hard in the next six months to drive the President’s economic policies. “The task force made up of selected members of the economic management team, the private sector, as well as the sub nationals, the representatives of the Nigerian Governors Forum, will work to deal with major issues of monetary and fiscal policy while ensuring real sector growth,” he said. The Minister added that the economic management team EMT Task Force, will be operational over the next six months and report directly to the President while initiatives aimed at growing the economy will be rolled out. Source: Business Day