“It is clear that businesses face the prospect of collapse so we must prepare for difficult times, while government continues to seek ways of supporting businesses and industry.”
The Economic Sustainability Committee, chaired by Vice-President Yemi Osinbajo, was inaugurated by the president on March 30 in response to the threat of the most severe economic downturn in the nation’s history, largely caused by the COVID-19 pandemic.
“While the COVID-19 pandemic spread through our towns and cities, it continues to take a massive toll on the economy. “Despite all these, Nigerians have done their best and persevered. I must salute Nigerians for their resilience in adapting to the realities of the COVID-19 effect while also recognising the superhuman efforts of our frontline health workers who continue to play a critical role in keeping our country and people safe.
“I look forward to a continuing partnership with both organs to implement what I consider a national plan. Speaking while presenting the report, Vice-President Yemi Osinbajo, who chaired the Economic Sustainability Committee, said the committee consulted widely and received memoranda from members of the Presidential Economic Advisory Council, the 36 State Governors and leadership of the National Assembly.
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