President Muhammadu Buhari on Thursday received the Minister of Finance, Zainab Ahmed, Governor of the Central Bank, Godwin Emefiele and the Group Managing Director of the NNPC, Mele Kyari as they brief him on the economic impacts of COVID-19 on Nigeria.
Buhari, earlier in the week announced a lockdown in Lagos, Abuja and Ogun States, as Nigeria tries to contain the pandemic.
There has been a serious global economic downturn with the nation’s largest export, petroleum dipping by 50% in prices.
Strategizing towards the economy, President @MBuhari receives briefing in respect of economic impact of Covid-19 from the minister of finance, minister of state petroleum, CBN governor and the GMD NNPC. pic.twitter.com/Vaa8V1ChcX
— Bayo Omoboriowo (@BayoOmoboriowo) April 2, 2020
As a government we are very mindful of the impact of the Covid-19 outbreak, on the lives and livelihoods of Nigerians, and on the national economy. In that regard, I just received a briefing from the Minister of Finance, Minister of State for Petroleum, CBN Governor and GMD, NNPC pic.twitter.com/RnQMuI9irG
— Muhammadu Buhari (@MBuhari) April 2, 2020
📸Photo-Speak! 🇨🇺Cuba Blues!
Pres @MBuhari received a briefing in respect of the Economic Impact of #COVID19 from Minister of Finance, Minister of State Petroleum, CBN Governor and Group Managing Director, NNPC at the State House.
— Kayode Ogundamisi (@ogundamisi) April 2, 2020
The Central Bank of Nigeria, on its part alongside commercial banks in the country have announced several strategies to ease the effects of the pandemic on Nigerians.
The NNPC also joined 33 other oil firms in the country to donate N11.4bn to the Nigerian government.
In the briefing, the poster images of the Nigerian economy are expected advise the President on the best policies and ways to cushion the effect the pandemic will have on the country.