Vice President, Yemi Osinbajo constitutes committee on reopening the economy

This was one of the resolutions reached after chairing a virtual National Economic Council meeting on Thursday.

 In a press release signed by Mr. Laolu Akande, the Vice President spokesperson, Osinbajo noted that members of the NEC reached a resolution to ensure a more effective synergy between the Federal Government and the sub-nationals especially in matters relating to the fallouts from the COVID-19 pandemic, including how to effectively and efficiently reopen the Nigerian economy after the lockdown across the country.

The Vice President also disclosed that the committee will ensure that there would be an even more effective collaboration and coordination between the Federal Government’s Presidential Task Force and the States of the Federation including the FCT.

Speaking earlier while briefing the council, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said to prevent a deep recession arising from the COVID-19 economic crisis, the orthodox approach all over the world, which is also in the works in Nigeria, is to deploy a stimulus package.

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