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![At least 40 dead in Moscow concert hall attack, Ukraine Denies Involvement Rivers Assembly Overrides Fubara, Enacts New Law Breaking: Former Community Youth Leader, Four Others Shut Dead in Egbema, Imo State [VIDEO] Tragic Incident in Enugu: Mother of Three Commits Suicide After Abandoning Children at Police Station BREAKING: Three-storey building collapses as Ebute Metta, Lagos Akwa Ibom pastor Solid Rock Church, Apostle John Okoriko abia uturu student gunmen Asuu suspends strike bonny lga chairman Hon. David Rogers Irimagha Another Kidnapped Victim, Suleiman Sabo rescued by Police In Abuja](https://reportafrique.com/wp-content/uploads/2020/12/report-afrique-breaking-news-800x450.jpg "Breaking: Fg Establishes Disaster Relief Fund")
Abuja, Nigeria – The Federal Government has created a Disaster Relief Fund to address natural disasters such as flooding.
This was announced on Monday by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, following the Federal Executive Council (FEC) meeting presided over by President Bola Ahmed Tinubu at the State House in Abuja.
Minister Edun highlighted that despite preventive measures, disasters are inevitable in the face of climate change. He stressed the need for pooling resources from various sectors to ensure readiness when such events occur.
In addition to the relief fund, Edun revealed that the FEC also passed the Economic Stabilization Bill, which is based on recommendations from the Fiscal Policy and Tax Reform Committee. The bill proposes amendments to the Companies Income Tax, among other reforms aimed at stabilizing the economy.
Further details are expected to emerge.
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