FG To Exploit Local Resources, Create Jobs In COVID-19 Recovery Plan: Osinbajo
Vice President Yemi Osinbajo on Saturday said the federal government plans to take advantage of local resources and create jobs, in order to reposition the economy as the country grapples with the ripple effects of the coronavirus pandemic.
Nigeria has recorded 2,170 cases of the deadly coronavirus and 68 deaths, according to the Nigeria Centre for Disease Control . The coronavirus pandemic has also contributed to the drastic fall of international oil prices, crippling Nigeria’s main source of revenue.The country has turned to the International Monetary Fund and the homegrown Sovereign Wealth Fund to keep foreign reserves and expenditure capacity afloat.
“The first thing, of course, was to constitute a meeting of the principal Ministers concerned with the economy and thereafter he set up the Economic Sustainability Committee which is meant to look at what to do, during and post-Covid, and what sort of economic plans may be required in order to weather the storm.
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