COVID-19: Nigerian govt lists effects of lockdown
The Minister of Finance, Budget and National Planning, Zainab Ahmed, claimed it almost led to a complete shutdown of the economy.
Ahmed stated this during her opening address at the capacity building for Special Advisers and Technical Assistants of Ministers, in Abuja. She, however, noted that Nigeria’s economy would suffer further revenue decline in the third quarter of this year.“The necessary implementation of a lockdown and social distancing measures led to a near complete shutdown of economic activities, lay-offs across most sectors, loss of income, and a drop in average household purchasing power,” Ahmed said.
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