Presidential Committee meets Buhari, says Nigeria’s economy in bad shape

Minister of Finance, Budget and National Planning, Zainab Ahmed, who chairs the presidential committee, said this in Abuja while answering questions from State House correspondents at the end of the meeting.

She said the committee briefed the president on current happenings around the world due to COVID-19 and its impact on the country’s economy.

She said the president also directed the committee to put in place measures meant to protect the poor and less privileged members of the society from unnecessary hardships as a result of the virus.

She told the State House correspondents that the president also directed the ministry to ensure that “critical infrastructure like roads, rails are protected and as much as possible, use local inputs so that the country retains value within her economy.’’

On the directives given, Mrs Ahmed said: “Well, he has directed that we should make sure that salaries are paid, make critical infrastructures like roads, rails are protected, as much as possible use local inputs so that we retain value within our economy.

“And also make sure that we take measures that protect the poor and the vulnerable.”

The minister further explained that the purpose of the meeting was to update the president on situations that are evolving on a daily basis.

“This meeting was just to brief Mr President as the situation we are in keeps evolving on a daily basis, as the health crisis gradually expands, affecting states and also the lockdown that has been ordered to help curtail expansion of the health crisis.

“The consequences of the lockdown are the additional slowing down of the economy and the measures that we need to take to mitigate the negative consequences of the slow trade and businesses,’’ she added.

The Minister of State Petroleum Resources, Timipre Sylva, who is also a member of the committee, said: “The economy is not in the best of shapes due to COVID-19 and oil prices are collapsing every day, hence the need for the President to be constantly briefed.’’

 

 

-NAN

 

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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