President Buhari directs repositioning of economy

President Muhammadu Buhari directed a repositioning of the economy, starting with a review of 2020 budget to reflect realities in oil sector, and prioritizing health sector infrastructure to respond to the threats posed by Coronavirus.

Buhari gave the directive after the 2nd Regular Meeting of the Presidential Economic Advisory Council (PEAC), held at the Presidential Villa, Abuja.

The president recommended securitization of government debt, design and institutionalization of a revenue stabilization program and the imperative of cutting the cost of governance at all levels.

Buhari agreed with the Advisory Council on the need to prepare the country to take the necessary tough economic decisions, including embark on a national agenda of stakeholder mobilization – bringing the National Assembly, government organs, private sector and civil society together around a programme to respond to the major challenges confronting the nation.

Leave a Reply

Your email address will not be published. Required fields are marked *