Nigeria can turn COVID-19 pandemic to economic victory — Osinbajo

Vice-President Yemi Osinbajo on Thursday  stated that Nigeria can turn the coronavirus pandemic into an economic victory. Osinbajo stated this at the State House in Abuja after presenting a well prepared post-COVID-19 Economic Recovery Plan to President Muhammadu Buhari. Osinbajo meets Lawan, Gbajabiamila on economy Osinbajo led the Economic Sustainability Committee to submit the report […]

Vice-President Yemi Osinbajo on Thursday  stated that Nigeria can turn the coronavirus pandemic into an economic victory.

Osinbajo stated this at the State House in Abuja after presenting a well prepared post-COVID-19 Economic Recovery Plan to President Muhammadu Buhari.

• Osinbajo meets Lawan, Gbajabiamila on economy

Osinbajo led the Economic Sustainability Committee to submit the report entitled, “Bouncing Back: The Nigerian Economic Sustainability Plan”.

The President is expected to approve the recommendations of the report which contains modalities and policies that would strengthen businesses in the country as well as provide jobs for the teeming masses amid the impact of the coronavirus pandemic.

The Vice President said: “We are confident that if the proposals are taken as a whole and implemented conscientiously, Nigeria will avert the worst of the impending economic headwinds, and convert this crisis to a victory for the Nigerian economy.”

Earlier in the day, Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande, had disclosed that the Vice President will  present a post Covid-19 Economic Sustainability Plan to President Muhammadu Buhari.

The all-inclusive Plan contains actions and well-thought through strategies that will help mitigate the impact of the coronavirus pandemic on Nigeria’s economy, noted the presidency.

Akande wrote on Twitter: “Today, VP is leading members of the COVID-19 Economic Sustainability Committee to submit to President, the Sustainability Plan, detailing policy options and programmes designed to proactively stimulate the Nigerian economy, retain and create jobs, turning COVID-19 to opportunity.”

Speaking on the economic impact of the pandemic, VP Yemi Osinbajo, who is also the leader of the COVID-19 Economic Sustainability Committee, said: “It is very clear that COVID-19 has presented us with an enormous economic challenge.”

He, however, assured that the Economic Sustainability Plan, when assented by the President, will provide modalities and interventions that will fortify businesses in the country and enable them to thrive despite the challenge at hand.