Osinbajo Says Strategies To Restart Economy Underway
AMINA HUSSAINI, Abuja
Worried about the economic slowdown owing to the ravaging Covid-19 pandemic, the federal government plans to restart the economy will soon come to the fore.
Vice President Yemi Osinbajo said after a meeting with President Muhammadu Buhari to discuss the current economic situation.
The strategies are in the reports of the Economic Sustainability Committee led by Vice President Yemi Osinbajo. It will detail the thoughts and ideas of its members on the best way forward for Nigeria that will soon be submitted to the President.
Nigerian economy is curently experiencing dislocation owing to the oil price plunge and the deadly virus that has forced a shut down of business activities.
Osinbanjo said: “I came to brief Mr President, as usual. Sometimes I come physically as you see me today, other times I brief him on the phone or by the conference”. .
“What we are concerned about is how to ensure that the economy remains stable, jobs are protected if possible more jobs are created” stating that the President has expressed concern about the problems that may be associated with the lockdown.
“Many of our people work for a daily wage, they have to go out for work every day,So we have to think about how we give them some succour during the period when they are not able to work.
Osinbajo added that “some of these are the issues Mr President wanted me to discuss fully with him.,”
Osinbanjo said the main reason for the meeting with the president was to resolve some of the pressing issues around COVID-19 and also around the economic problems that we are seeing already.
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