President Muhammadu Buhari assured that everything possible will be done to protect Nigerians from the adverse effects of the Novel Coronavirus, COVID-19 pandemic.
He gave the assurance during a briefing session by the Doyin Salami-led Presidential Economic Advisory Council, at the Presidential Villa in Abuja.
The Committee’s Chairman, Doyin Salami warned of the likely consequences of a prolonged COVID-19 pandemic on the economy, recommending budget review and prioritisation of expenditure.
In a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President said Nigeria had foreseen the economic problems that might come in the wake of the COVID-19 pandemic, and will explore all alternatives to protect Nigerians.
He noted that a lot had changed about the government’s economic plans, especially with oil prices oscillating between $29 and $30 in recent times, as opposed to the $57 dollars benchmark for this year’s budget.
The President also noted that many variables, including production cost and political impact, determine oil prices, but said “we will see how to survive fallen prices, as we already envisaged the problem.
