Buhari lists post COVID-19 economic recovery strategies

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President Muhammadu Buhari has announced several intervention measures geared towards ensuring that Nigerians are not hit hard by the effect of the Coronavirus disease on the economy. Special Adviser to the President on Media and Publicity, Chief Femi Adesina said in a statement on Thursday, said that the country is not immune to the ravaging impact of the pandemic across the globe since the need for government to take proactive measures. Adesina said an economic team, headed by the Minister of Finance, Budget and National Planning has already been set up to examine the impact of COVID-19 on the economy with the view to making life meaningful to the populace now and after things return to normalcy. The statement titled, “COVID-19: What President Buhari is doing, and will do,” stated that there are plans afoot to tackle weak health systems and infrastructure through the establishment of standard laboratories, intensive care units, and isolation centres in all states of the Federation.

It further stated that the health infrastructure will eventually be recalibrated for the good of the people, and in readiness for future emergencies. The statement read, “There is global anxiety on what the future holds for humanity post-COVID-19, particularly in respect of the economy, healthcare, job security, and general wellbeing. “Naturally, Nigerians are not immune from the disquietude, as they belong to the global community. “Below is a checklist of some measures that President Muhammadu Buhari has taken, and will further take, to make life abundant for Nigerians. This should assuage some apprehensions:

“An economic team, headed by the Minister of Finance, Budget and National Planning has been set up to examine the impact of COVID-19 on the economy. “Economic Sustainability Committee headed by the Vice President to define a post-COVID-19 economy for Nigeria. “Taskforce set up on the free movement of farm produce headed by the Minister of Agriculture and Rural Development. “Plans afoot to tackle weak health systems and infrastructure through the establishment of standard laboratories, intensive care units, and isolation centres in all states of the Federation. “The health infrastructure will eventually be recalibrated for the good of the people, and in readiness for future emergencies. “As long term measure, emphasis will be placed on integrating local content in proven researches in cure, and production of materials in the heath sector. “A Fiscal Sustainability Plan to complement the suite of monetary and banking interventions recently announced by the Central Bank of Nigeria. “A mass agricultural programme to be put in place. Major rural road construction programme. Mass housing programme. Large scale installation of residential solar systems, utilizing mainly local materials. Expansion of the Social Investment Programme. “The 2020-2022 Medium Term Expenditure Framework and the Budget 2020 assumptions and targets have already been revised. “Time-sensitive expenditures are to be prioritized over less critical spending. ” Extant financial controls are to be strengthened to detect, eliminate and sanction instances of waste, funds misappropriation and corruption.”

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