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How we’re tackling recession – FG

How we’re tackling recession – FG

11/24/2020 11:35:00 AM

How we’re tackling recession – FG

Okechukwu Nnodim, AbujaThe Federal Government on Monday explained some of the measures being adopted to help get the country out of its current economic recession.Minister of Finance, B...

Okechukwu Nnodim, AbujaThe Federal Government on Monday explained some of the measures being adopted to help get the country out of its current economic recession.Minister of Finance, Budget and National Planning, Zainab Ahmed, outlined these measures while speaking at the 26th Nigerian Economic Summit.

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She said the Federal Government was fully aware of the current economic situation and was working round the clock to reverse the trend and restore the economy on the path of sustainable inclusive growth.The minister said, “To achieve these the government developed a sustainability plan to cushion the effect of the COVID-19 pandemic and is already implementing policies aimed at stabilising the economy.

“These include taking action to stimulate the economy by preventing business collapse through ensuring liquidity; retain and create jobs through support to labour intensive sectors such as agriculture and direct labour interventions.“Undertake growth-enhancing and job creating infrastructural investments in roads, rails, bridges, solar power, and communications technologies.”

Others, according to Ahmed include promoting manufacturing and local production at all levels and advocate the use of made in Nigeria goods and services, as a way of creating job opportunities.She said achieving self-sufficiency in critical sectors of the economy and curbing unnecessary demand for foreign exchange which might put pressure on the exchange rate was also a measure being undertaken to restore the economy.

The finance minister further stated that the government was extending protection to the very poor and other vulnerable groups including women and persons living with disabilities through pro-poor spending.“Although we are not yet out of the woods, given the adverse impact of COVID-19, we have to continue to implement the measures to get the economy back on track,” she said.

Ahmed further stated that since the inception of the economic summit 25 years ago, it had become one of the largest annual gatherings dedicated to finding solutions to the challenges facing the Nigerian economy and finding ways of achieving a prosperous and egalitarian society.

She said the engagement over the years had helped in shaping the policies of government, particularly in the power sector reforms, agricultural sector transformation, among others.“Permit me to say that going forward, the Federal Government in partnership with NESG has been working together in implementing the National Development Plan and by extension the Regional and Global Development Agendas,” Ahmed said.

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She added, “In order to ensure realisation of the continental and global aspirations, deliberate efforts have been put in place to effectively align the successor national plans being developed with these agendas.”DOWNLOAD THE PUNCH NEWS APP NOW ON Read more: The Punch Newspapers »

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They tackle nothing, apart from there religion they know nothing. Like the way Buhari is tackling corruption.🤣🤣🤣 If una fit hoard palliative, increase fuel price, kill innocent people. Forget una no fit tackle anything Pls go and lecture ur children stop fooling around with primitives bride and stupidity... Go and teach in Islamic KG pupils school plsssss

Get the fuck She doesn't know jack , even demand and supply babu. How we enter into second recession with excessive borrowing from beggars on the streets of China. EndSARS Watch some of the crazy stuff politicians have done on camera 👉🏽 and also Subscribe to the YouTube channel for more interesting videos

Well doneooo Just seems every headline this woman's picture appears never has a great news. I haven't seen any so far First,what caused it? Only when you know the causes will you then know how to resolve it... There has been a lot of wastefulness under her ministry now the wastefulness still continues on a very expensive government with no accountability

I suggest you tackle Gen Gowon for taking half of the central bank to UK, Tackling? why was it not avoided in the first place, when it's a game of borrow and loot... Borrow borrow government From recovering from recession very soon to now how we are tackling recession! Group of confused people! Rescission now nah baller oooh FG Dey tackle am from behind for inside 18 yard box hope them no cause penalty!! Wahala for FG is wah no sabi him work


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Shey the recession we embarked on since you assumed office? How recession is tackling us – FG How please? Tackling recession for almost 5years now. Clueless Lifeless I don’t think this woman knows what she is doing, she is just running our economy on good vibes and insha Allah. DuBble_GHEE Cut down on the cost of running this foolish Govt

Nigeria has been in recession before now. It's just that the government has just officially declared it In fact, many Nigerians have been long in individual economic recession. Person that is owed many months of salary nko? That one never enter recession? Evil finance minister You should go take economic lesson and financial management tutorials from Okojo Iweala

Must u pple talk? whenever her picture is in the news headline on twitterng something evil, bad and sinister has either happened or about to happen Y’all should resign quietly. Kante 😁 Wahala for who no sabi how to tackle recession o Abeg dey try change this picture😤 I don't even need to read the headline as long as its this pic na ment go come out

I'm not an influencer. Pls dont follow me All political elites in Nigeria are responsible for the demise and pathetic situations in the country now regardless of any party affiliation including APC and PDP, and greedy and corrupt selfish folks like Buhari Atiku Tinubu OBJ GEJ Wike okorocha Kanu Akpabio saraki Lawan Dino

This woman picture again am feeling to bite her long nose 👿👿👿👿 You are only telling us what we want to hear. Enough, we want actions. , 😅 Rubbish country