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LAGOS， Sept. 20 (Xinhua) -- The Nigerian government on Tuesday said it was working on a plan to generate and inject large amount of funds， principally in foreign currency， estimated at 10 to 15 billion U.S. dollars into the economy.


In a statement made available to Xinhua in Lagos， Minister of Budget and National Planning， Udoma Udo Udoma， said the government has also designed a fiscal stimulus strategy that will help the country to come out of its economic recession.


Udoma said that the Economic Management Team had been working on a plan to generate an immediate large injection of funds into the economy.


The minister said the funds would be generated through Asset Sales， Advance Payment for Licence renewals， infrastructure concessioning， use of recovered funds， among others， to bridge the funding gap.


"To achieve this speedily， we will need to fast-track procedures through Presidential directives and legislation; a bill is almost ready for submission to National Assembly，" he added.


The minister emphasized the need for the country to spend its way out of recession through injection of large amount of money into the economy.


According to him， the failure to diversify the economy and implement the national goals due to lack of discipline in the past had made the country witness negative growth.


He said the government had put measures in place to diversify the economy.


He said some of the measures included " tackling challenges inhibiting private sector participation in the upstream petroleum sector and building on the petroleum products deregulation.


This， the minister added will boost agricultural production for food sufficiency， as food imports has the third highest demand for forex.


The minister said another measure was growing non-oil exports in the light of competitive and comparative advantage created by devaluation following the introduction of a market reflective exchange rate.


Nigeria's economy formally entered recession in the third quarter of the year when its Gross Domestic Product in real terms declined by 2.06 percent in the second quarter year on year. Enditem

Director and actor George Clooney arrives at Omega's dinner party in Shanghai May 16 Kamalei Correa Jersey , 2014.

Actor George Clooney criticized Britain's Daily Mail on Wednesday for publishing what he called a "completely fabricated" story that said his future mother-in-law opposes his upcoming marriage to human rights lawyer Amal Alamuddin.


The Mail Online story posted on Monday said Alamuddin's mother was telling family in Beirut that she is not happy about the wedding for religious reasons and that her daughter could do better by marrying within the family's Druze religion.


"First of all, none of the story is factually true," Clooney Ronnie Stanley Jersey , 53, wrote in the newspaper USA Today.


"Amal's mother is not Druze. She has not been to Beirut since Amal and I have been dating and she is in no way against the marriage - but none of that is the issue," he added.


The issue Jeremy Maclin Jersey , he said, is that the story said that because the Clooney nuptials will not be a Druze wedding, Alamuddin could be cast out of the community. Women have been murdered for not abiding by the Druze religious rules Justin Tucker Jersey , the Mail Online's story added.


"The irresponsibility in this day and age, to exploit religious differences where none exist is at the very least negligent and more appropriately dangerous," the Oscar-winning actor wrote.


Clooney C.J. Mosley Jersey , who does not usually respond to media reports about his private life, said he does not care about fabricated stories about where the wedding will take place or if he is running for public office.


"We have family members all over the world, and the idea that someone would inflame any part of that world for the sole reason of selling papers should be criminal Cheap Ravens Hats ," he wrote.


The Mail Online has since issued a statement apologizing to Clooney, his fiancée and her mother for any distress the story caused and said it has launched a full investigation.


"We have removed the article from our website and will be contacting Mr. Clooney's representatives to discuss giving him the opportunity to set the record straight," the statement said.


It added that the story was supplied by a trusted freelance journalist and was based on her contacts with senior members of the Lebanese community in Britain and Beirut.


In the USA Today report Cheap Ravens T-Shirts , Clooney said the fabricated story had been picked up by other news outlets, including Boston, The New York Daily News Cheap Ravens Hoodie , Gulf News and Emirates 247. He added that facts make no difference to their stories.


"And when they put my family and my friends in harm's way, they cross far beyond just a laughable tabloid and into the arena of inciting violence," he wrote.


The Mail Online story was not published in the print edition. The newspaper followed it up Customized Ravens Jerseys , but with a different story. The print newspaper and the online edition are run separately.


Clooney, who won an Oscar for best supporting actor in 2006 for "Syriana," and shared the best picture award in 2013 for "Argo Cheap Ravens Jerseys ," has been dating Alamuddin since October, according to media reports. News of their engagement was confirmed in April when Alamuddin's legal practice in London issued a statement congratulating the couple.


(Agencies)


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