Osinbajo made the remarks when he presented the Economic Sustainability Committee action plan to President Muhammadu Buhari.
Nigeria's Vice President, Yemi Osinbajo, on Thursday said about 39.4 million citizens representing about 33.6 per cent of the population may be left without jobs by the end of 2020 as a result of the Coronavirus pandemic.
Before laying out the plan, which would be driven by various federal ministries and agencies of government, the Vice President observed that the grim pictures would get bad if government failed to take necessary preemptive measures to mitigate the effects of COVID-19 outbreak. “Several projections, including those done by the NBS on behalf of the Economic Sustainability Committee showed a severe downturn in our oil earnings as a result of which, even with oil price at 30 dollars a barrel, we would still have a shortfall of about N185bn every month, in the amount available for allocation to the three tiers of government.
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