The federal government has highlighted the effects of the lockdown and physical distancing measures that were implemented to contain the spread of COVID-19 in Nigeria.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, claimed it almost led to a complete shutdown of the economy.
Ahmed stated this during her opening address at the capacity building for Special Advisers and Technical Assistants of Ministers, in Abuja.
She, however, noted that Nigeria’s economy would suffer further revenue decline in the third quarter of this year.
“We anticipate that these challenges will continue into the third quarter.
“The necessary implementation of a lockdown and social distancing measures led to a near complete shutdown of economic activities, lay-offs across most sectors, loss of income, and a drop in average household purchasing power,” Ahmed said.
Topic: Nigerian FG lists effects of lockdown (Read 8590 times)
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