How Nigeria Can Quickly Exit COVID-19-induced Recession – Experts

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By our Correspondents

Moved by the National Economic Council’s declaration that economic recession induced by the COVID-19 pandemic across the globe was inevitable, economic analysts, market operators and stakeholders have proffered new measures the federal government should adopt in ensuring the country comes out of the downturn quicker.

After its monthly meeting presided over by Vice President Yemi Osinbajo last Thursday, NEC had announced that the economy was headed for another recession following the economic lockdown ordered by countries of the world, including Nigeria, to curtail the spread of Coronavirus.

Speaking exclusively to LEADERSHIP at the weekend, stakeholders, including manufacturers, economists and traders, harped on the need for government to drive an economy that is attractive to foreign investors, ensure adequate funding for critical sectors as well as embark on definitive reforms such as the deregulation of the downstream oil sector and public private…



Source: Leadership Newspaper