• Buhari said Nigeria economy will bounce back shortly
  • Buhari said Nigeria economy will bounce back shortly
    President Buhari has expressed the confidence that the economy would bounce back strongly - The president made the statement at the 13th annual banking and finance conference in Abuja - Buhari said the government has taken measures to mitigate the impact of the COVID-19 pandemic on key necessities . Despite the uncertainties created by the COVID-19 pandemic, President Muhammadu Buhari has expressed the confidence that the Nigerian economy would bounce back strongly. Buhari is confident that the economy would bounce back. Photo Credit: Buhari Sallau Source: Facebook The president on Tuesday, September 15, at the 13th annual banking and finance conference in Abuja said his administration has implemented policies that would address the challenges caused by the pandemic, The Guardian reported. Buhari, who was represented at the occasion by the minister of finance and national planning, Zainab Ahmed stated that the government has taken measures to mitigate the impact of the pandemic on key necessities. “So far, government has implemented a wide range of fiscal, prudential and monetary measures that squarely address four key necessities to ensure sufficient liquidity to support government programmes for saving lives and livelihoods, maintain stability of the financial system, ensure continued delivery of financial services to the public and shore up confidence, and cushion economic activities,’’ the president said through the minister of finance. He stated that businesses are getting back to the pre-pandemic level following the current partial lifting of the lockdown. Meanwhile, President Buhari on Tuesday, September 15, finally lifted the lid on why his government resorted to borrowing. The Nigerian leader, during a virtual meeting with members of the Presidential Economic Advisory Council (PEAC), said the need to build infrastructure and attract investments has made him take loans. He said his government took loans in order to address some infrastructural deficit. The president also maintained that agriculture is the only solution to the problem of unemployment among the teeming legion of Nigerian youth. In other news, the federal government has explained its decision to fully remove subsidy from petrol, saying the country stands to rake in over N1 trillion annually from the initiative. Minister of state for petroleum resources, Chief Timipre Sylva, made the comment on Thursday, September 10, while speaking to select journalists in Abuja. According to him, the funds would be deployed to fund other critical components of the economy .
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  • 16 Sep '20 - 01:07pm
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  • Comments (21)
  • kpoka on 16 Sep '20 - 01:13pm
    we have incompetent old fools as leaders Nigeria can never be better
    5
  • justmike on 16 Sep '20 - 01:47pm
    thanks for the information
    4
  • vectortv on 16 Sep '20 - 01:56pm
    thanks for the update
    4
  • sekoko1 on 16 Sep '20 - 02:51pm
    thanks for d update.
    4
  • luwas on 16 Sep '20 - 04:59pm
    thanks for the information keep updating us
    4
  • adaghebalu on 16 Sep '20 - 02:58pm
    we are only hoping on God
    3
  • mmadu on 16 Sep '20 - 03:10pm
    okooo, will dey look them nah.
    3
  • zinoleesky on 16 Sep '20 - 03:25pm
    thanks is very important
    3
  • gawirnan1987 on 16 Sep '20 - 05:04pm
    good update thanks
    3
  • anierobi.valentine on 16 Sep '20 - 06:48pm
    thanks for the update
    3
  • bensonumeh on 16 Sep '20 - 04:21pm
    this our current leaders are not just trying at all, see buhari
    2
  • harribaba on 16 Sep '20 - 05:52pm
    what about bouncing front? lol
    2
  • salihutunde on 16 Sep '20 - 06:16pm
    thanks for the update
    2
  • alkali103 on 16 Sep '20 - 06:21pm
    for every meaning Nigeria to bounce too
    2
  • prince.nso on 16 Sep '20 - 07:14pm
    let us wait for the miracle the government is about to perform
    2
  • hamzat on 16 Sep '20 - 07:12pm
    thanks for the update
    1
  • hamzat on 16 Sep '20 - 07:13pm
    thanks for the update
    1
  • ikaa on 16 Sep '20 - 08:15pm
    we pray for that ooooooooo
    1
  • topman on 17 Sep '20 - 08:57am
    thanks for the update
    1
  • abubakrmb on 16 Sep '20 - 09:14pm
    Great information keep on..
    0
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