Political Economist

Top Menu

  • Home
  • About us
  • Contact us

Main Menu

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • Home
  • About us
  • Contact us

logo



Political Economist

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • PDP, others to Buhari, DSS: Sack Pantami, Interrogate him

  • Iheanacho makes history, breaks Leicester 52-year-old FA Cup jinx

  • Super League: UEFA says participating clubs risk ban from football worldwide

  • Printing of money: Obaseki’s primitive presumption, By Jackson Osagie

  • Promoters of EFCC Chairman’s fake twitter accounts risk 7 years jail term

Breaking NewsLocal News
Home›Breaking News›COVID-19 lock down: Buhari orders finance ministry to pay salaries, protect the poor, vulnerable

COVID-19 lock down: Buhari orders finance ministry to pay salaries, protect the poor, vulnerable

By Admin
April 2, 2020
166
0

Minister of Finance, Budget and National Planning Hajiya Zainab Ahmed

 

President Muhammadu Buhari on Thursday met with the Presidential Committee on the impact of the coronavirus on Nigeria’s economy, and directed the Ministry of Finance and National Planning to ensure that salaries were paid.

Minister of Finance, Budget and National Planning Hajiya Zainab Ahmed, who chairs the presidential committee, said this in Abuja while answering questions from State House correspondents at the end of the meeting.

She said the committee briefed the President on current happenings around the world due to COVID-19 and its impact on the country’s economy.

According to her, the President also directed the committee to put in place measures meant to protect the poor and less privileged members of the society from unnecessary hardships as a result of the virus.

She told the State House correspondents that the President also directed the ministry to ensure that “critical infrastructure like roads, rails are protected and as much as possible, use local inputs so that the country retains value within her economy’’.

On the directives given, Ahmed said: “Well, he has directed that we should make sure that salaries are paid, make critical infrastructures like roads, rails are protected, as much as possible use local inputs so that we retain value within our economy”.

“And also make sure that we take measures that protect the poor and the vulnerable.”

The minister further explained that the purpose of the meeting was to update the President on situations that are evolving on a daily basis.

“This meeting was just to brief Mr President as the situation we are in keeps evolving on a daily basis, as the health crisis gradually expands, affecting states and also the lockdown that has been ordered to help curtail expansion of the health crisis.

“The consequences of the lockdown is the additional slowing down of the economy and the measures that we need to take to mitigate the negative consequences of the slow trade and businesses,’’ she added.

The Minister of State Petroleum Resources, Timipre Sylva, who is also a member of the committee, said: “The economy is not in the best of shapes due to COVID-19 and oil prices are collapsing every day, hence the need for the President to be constantly briefed.’’

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele said: “the economy is not looking as simple as everyone thought it would be.

“The global economy, naturally, like we all know at this time, will naturally suffer growth problems and may even lead to recession globally.

“So we are trying to see what we can do as a country to rescue our own situation so we don’t go the direction many will go.

“It is not going to be easy but we can only assure our people that we are on top of it and that we will resolve it and Nigerians will still be better for it.”

Other members of the committee are Minister of State, Budget and National Planning, Clement Agba, and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mela Kyari. (NAN)

TagsAhmed ZainabCBNGodwin emefieleMuhammadu BuhariNNPCTimipre Sylva
Previous Article

Civilian killed, soldier injured over covid-19 lockdown ...

Next Article

Covid-19: Stop the debate, accept the result; ...

Related articles More from author

  • Breaking NewsLocal News

    Nigeria, Ethiopia sign visa waiver agreement for diplomatic, official passport holders

    February 12, 2020
    By Admin
  • Local News

    2019: Miyetti Allah Endorses President Buhari As Sole Candidate of The Association

    December 27, 2018
    By Admin
  • Local News

    Buhari returns, delay caused by small jet

    May 4, 2018
    By Admin
  • Government
    Local News

    Electricity, fuel price hike: FG meets with NLC, TUC

    September 15, 2020
    By Admin
  • Business & Economy

    Zenith Bank: Onyeagwu succeeds Amangbo as GMD

    April 8, 2019
    By Admin
  • Local News

    Data from INEC server shows I won 2019 election, Atiku claims in petition

    March 20, 2019
    By Admin

You may be interested

  • Local News

    Nigeria, Netherlands trade hits N1.2trn, Buhari to meet Dutch PM

  • Local News

    N4.6 alleged fraud: Fani-Kayode ill, absent in court, case adjourned

  • Local News

    Ketu Riot: Cattle Traders Relocate to Ogun State; We’ll Not Send them Away – Ogun Govt

logo

Political Economist is a liberal news magazine with global affiliations.

We promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists...

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com
  • Recent

  • Popular

  • Comments

  • Boko Haram

    Nigeria’s security challenges slowly degenerating into the war going on in Afghanistan – US Army ...

    By Admin
    April 19, 2021
  • Isa Pantami

    PDP, others to Buhari, DSS: Sack Pantami, Interrogate him

    By Admin
    April 19, 2021
  • Kelechi Iheanacho makes history

    Iheanacho makes history, breaks Leicester 52-year-old FA Cup jinx

    By Admin
    April 19, 2021
  • Super League

    Super League: UEFA says participating clubs risk ban from football worldwide

    By Admin
    April 19, 2021
  • Jonathan Sacks IGP Abba, Appoints Arase

    By Admin
    April 21, 2015
  • Zinox iPower Inverter Claws to Market Dominance

    By Admin
    November 24, 2014
  • Police foil another suicide bomb attempt in Borno, kill three bombers

    By Admin
    April 24, 2017
  • Your Kidney is Your Life, Watch Your Lifestyle, Counsels Dr. Amira

    By Admin
    February 27, 2015
  • Justopec
    on
    April 24, 2017

    Police foil another suicide bomb attempt in Borno, kill three bombers

    Good one for the ...
  • Justice Shedrack
    on
    April 24, 2017

    Police foil another suicide bomb attempt in Borno, kill three bombers

    Nice
  • Anonymouse
    on
    February 8, 2017

    Qatar Airways makes history, completes first longest non-stop flight of 16 hours from Doha to New ...

    This is nice...
  • Justice Shedrack
    on
    January 19, 2017

    Confusion in Gambia, Jammeh stays put, Barrow to be sworn in at Gambia embassy in Senegal

    Na wa ooooo

Find us on Facebook

Follow us

  • Home
  • About us
  • Contact us
  • Privacy Policy
© Copyright Political Economist. All rights reserved.