Nigeria not ready for full reopening of economy, says FG

Nigeria not ready for full reopening of economy, says FG

- The federal government on Thursday opened up about the Nigerian economy

- Boss Mustapha, the SGF expressed belief that Nigeria is not ready for full reopening of the economy,

- The COVID-19 taskforce chairman explained that Nigeria continues to rely on data, research among others

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Boss Mustapha, the secretary to the government of the federation on Thursday, October 15, said that Nigeria is not ready for full reopening of the economy while calling caution against the second wave of coronavirus infection in the country.

The chairman of the COVID-19 Presidential Task Force (PTF) made this known while speaking at the joint national briefing in Abuja, Daily Trust reports.

According to him, the PTF continues to rely on data, research, science, and experience of other nations to inform decisions at all stages.

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The SGF went on to note that emerging statistics indicated that Nigerians still have to be cautious due to the second wave of the virus across the world.

Nigeria Not Ready For Full Reopening Of Economy — Boss Mustapha
Boss Mustapha says Nigeria is not ready for full reopening of economy. Photo credit: TheCable
Source: Twitter

He said:

“Our National response to COVID-19 remains targeted at achieving the purposes of epidemic control through reduced transmission and minimizing mortality among vulnerable parts of the population."

Mustapha further confirms that the test positivity ratio to less than 5% corroborates the belief that the epidemic curve is flattening, despite the unsatisfactory testing rate.

Earlier, reported that Vice President Yemi Osinbajo said Nigeria has been presented an unprecedented opportunity to reset critical sectors of its economy as a result of the COVID-19 pandemic.

Osinbajo revealed this during a virtual media conference on Thursday, May 14, where the Global Citizen, had announced a collaboration with the Nigeria Sovereign Investment Authority (NSIA) to establish the Nigeria Solidarity Support Fund.

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In a related development, President Muhammadu Buhari on Thursday, October 8, disclosed that the Nigerian economy is facing some challenges.

The Nigerian president told members of the National Assembly that the nation's economy could slide into another recession in the third quarter of 2020.

Buhari made the disclosure during his 2021 budget presentation at the National Assembly.

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