- Nigeria's Vice President Yemi Osinbajo has opened up on the fight against coronavirus in the country
- The vice president noted that Nigeria’s large population is constituting a challenge against the prevailing pandemic
- Osinbajo, however, explained that being able to manage the issues through the states was an advantage
Following the fight against coronavirus that has been ravaging the country, Vice President Prof. Yemi Osinbajo has said that the massive population in Nigeria constitutes a challenge in the battle against the prevailing pandemic.
Osinbajo disclosed this at a virtual conference entitled “How Africa’s Informal Sector Reacts to COVID-19”, organized by Africa.come on Wednesday, April 29, in Abuja.
According to Vanguard, the vice president went on to explain that the ability to manage the issues in smaller measure through the states is an advantage which has enabled authorities to reassess responses.
In a statement issued by Laolu Akande, his senior special assistant on media and publicity, Osinbajo said the nation has the advantage of being able to manage problems in smaller measures because Nigeria operates a federation.
Osinbajo said: “Perhaps we have the advantage of being able to manage our problems in smaller measure, or by dividing them, of course, we run a federation.
“I think, in the end, we have that advantage that we are able to almost isolate responses, and even look at best practices across the various states and try and ramp up wherever we find that there are deficiencies.”
The vice president further said a lot of conditional transfers have been done as part of measures implemented to mitigate the impact of the pandemic on Nigeria's economy.
He said: “We have done a lot on conditional transfers especially within the context of our social investment policies, but we are now looking at how to possibly enlarge the scope of that and do more.
“We are looking beyond using cash transfers as if it were some incentive for staying at home. Aside from the lockdown, just the disruption in the economy has meant that the daily paid worker simply has no means of working and many laid off.”
The discussions were moderated by Hakeem Bello-Osagie, a Harvard Business School senior lecturer of Business Administration, and Teresa Clarke, CEO of Africa.com.
Several thousand signed in across the world to participate at the webinar with President Nana Akufo-Addo of Ghana; Governor Nasir El-Rufai of Kaduna in attendance.
Meanwhile, Legit.ng previously reported that the board of the International Monetary Fund (IMF) has approved the sum of $3.4billion to support Nigeria’s COVID-19 fight. The grant to Nigeria is the highest so far to any member country.
The grant called Rapid Financing Instrument (RFI) is granted to member countries that are not under an IMF programme. The news was announced on Twitter by a former African Development Bank Former AfDB Lead Economist on Nigeria, Barbara Barungi.
Barungi went on to congratulate Nigeria's minister of finance, Zainab Ahmed on the feat. The loan by the IMF is part of measures to cushion the impact of COVID-19 on Nigeria’s economy.
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