Finance Minister says Nigeria faces economic recession

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In this edition of #BusinessNigeria, we examine the impact of the coronavirus pandemic on Nigeria’s economic stability as finance minister hints on possible economic recession.

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Nigeria Is Heading Towards Recession – Finance Minister

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The Nigerian economy may slide into recession. It’s expected with the global pandemic – Coronavirus and the drop in oil price globally.

Minister of Finance, Budget and National Planning, Zainab Ahmed disclosed during a press briefing after the first virtual meeting of the National Economic Council (NEC), which was chaired by Vice President, Yemi Osinbajo.

The minister said that the ravaging coronavirus pandemic is not only affecting the country economically, but also affecting the health sector, as the resources to fight this appear inadequate.

She admitted that the crash in crude oil prices would negatively affect the country’s revenue and foreign exchange earnings.

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Low oil prices, coronavirus pandemic raise Nigeria’s recession risks

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#oil prices #coronavirus #pandemic #recession

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Low oil prices, coronavirus pandemic raise Nigeria’s recession risks

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#oil prices #coronavirus #pandemic #recession

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COVID-19: Task Force briefs President Buhari on National Response Plan

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President Muhammadu Buhari will address the nation today on new procedures in the national response to the Novel Coronavirus (COVID-19) pandemic.

PTF Chairman, who doubles as Secretary to the Government of the Federation (SGF), Boss Mustapha, gave the hint after his team’s visit to the President in Abuja.

Members of the Presidential Task Force (PTF) on COVID-19 Control briefed the President on Sunday at the State House.

Mr Mustapha said the President expressed satisfaction with the progress recorded in Nigeria’s campaign against COVID-19, given available resources and facilities.

#PTF #COVID19 #Lockdown #BossMustapha

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Coronavirus Pandemic: Sanwo-Olu rules out another lockdown in Lagos | TV360 Nigeria

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TV360 is Nigeria’s first exclusive online television news channel based in Lagos. Our focus is news. There is no limit to the kind of news we cover. Our goal is to keep the people informed at all times so that they could use the information we disseminate to form important opinions,take important decisions and ultimately help to build a better and democratic society. We strongly uphold the long established journalistic principles of TRUTH, BALANCE and FAIRNESS in our reportage because we believe there is no one side to a story.
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Assessment of the fight against COVID-19 in Nigeria

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In this segment, Chairman, Peoples Health Foundation Board/Cellular Pathologist, NHS, Phillip Idaewor, dissects Nigeria’s response to the COVID-19 pandemic.

#COVIDPandemic #COVID19Nigeria

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How to address the rising Insecurity in Nigeria

In this interview, Security Expert, Dennis Amachree, shares his views on how to tackle rising insecurity in Nigeria amid the fight against Coronavirus pandemic.
Coronavirus pandemic
#Insecurity #Pandemic #COVID19 #DennisAmachree

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#Tourism #interventionfund #Covid-19

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(Latest) Coronavirus and the Almajiris in Northern Nigeria

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This segment dissects the almijiri living pattern in the northern part of Nigeria amid an outbreak of Coronavirus pandemic.

#COVID19 #Coronavirus #Lockdown

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Nigeria records 195 new cases of COVID-19

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Today on the programme, Nigeria records 195 new cases of COVID-19, the highest single day infections, as pandemic spreads to more states. Ayodele Ozugbakun will be hanging out with Babajide Kolade-Otitoju and Solomon Ajuziogu.

Journalists hangout starts now.

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