Nigeria mulls more economic stimulus package

By Tanko Mohammed

President Muhammadu Buhari has met with Vice-President Yemi Osinbajo approving plans to introduce additional economic stimulus measures towards cushioning the effects of the COVID-19 on the citizens.

Osinbajo, who is the chairman of the high powered economic sustainability committee, reported that the hardships being faced by Nigerians was caused by the spread of the pandemic.

The Vice-President stated that he used the opportunity of the meeting to update the President on the activities of the Sustainable committee.

He said that the committee was part of the National response strategy towards alleviating the suffering of Nigerians in view of the current difficulties in the country.

”We are concerned about how to ensure that the economy remains stable – like jobs are protected and if possible more jobs are created.

”The president has expressed very serious concern about the problems that may be associated with the lockdown.

“Many of our people work for daily wage, they have to go out to work and all of that every day.

”So, we have to think in terms of how to ensure that we are able to give them some succour during the period that they are not able to work,” he said.

Osinbajo revealed that the full report of the Economic Sustainability committee containing thoughts and ideas of members on the best way forward for Nigeria would soon be submitted to the President.