President Muhammadu Buhari on Thursday directed the Ministry of Finance and National Planning to pay salaries of federal workers immediately.
Most of the workers are currently on 14-day sit-at-home lockdown on government’s directive as part of measures to contain the spread of the Coronavirus disease, with nearly 200 cases officially confirmed in the country already.
He has also directed the Ministry to ensure that critical infrastructure like roads, rails are protected and as much as possible, use local inputs so that the country retains value within her economy.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, who heads the presidential committee to review the impact of coronavirus on the economy, made the disclosure while fielding questions from State House Correspondents, Abuja.
She said the committee briefed the president on current happenings around the world due to COVID-19 and the impact on the nation’s economy.
According to Ahmed, the President directed that “we should make sure that salaries are paid, make critical infrastructures like roads, rails are protected, as much as possible use local inputs so that we retain value within our economy. And also make sure that we measures that protects the poor and the vulnerable.”
She also explained that she had to explain to the President the consequences of the current lockdown in some states and Abuja and the “additional slowing down of the economy and the measures that we need to take to mitigate the negative consequences of the slow trade and businesses.”
Another member of the committee, Minister of State Petroleum Resources, Timipre Sylva, said the economy was not in the best of shape due to COVID-19 and oil prices are collapsing every day, hence the need for the President to be constantly briefed.
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said: “The global economy naturally like we all know at this time will naturally suffer growth problems and may even lead to recession globally. So we are trying to see what we can do as a country to rescue our own situation so we don’t go the direction many will go.
“It is not going to be easy but we can only assure our people that we are on top of it and that we will resolve it and Nigerians will still be better for it.”
Other members of the committee are Minister of State, Budget and National Planning, Clement Agba and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari.
