Nigeria’s economy fragile before COVID-19 pandemic –Finance minister

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The Minister of Finance, Budget and National Planning, Zainab Ahmed has said that prior to the outbreak of the coronavirus pandemic, the Nigerian economy was already fragile.

She said this in a statement issued by her Special Adviser on Communication, Mr Yunusa Abdullahi on Monday in Abuja.

The coronavirus pandemic had led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, lockdown of large swath movements of persons in many countries, among others. But the finance minister said that prior to the outbreak which had led to decline in crude oil prices, the Nigerian economy was already fragile, vulnerable and deteriorating.

The minister said international travels and trade had been severely disrupted, while demand for goods and services is deteriorating as a result of the social distancing policies.

 

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the economy has never been strong for the last 5 years, so, what are you talking about?

go and sit down have you done your own test your part of them.

Who is this?

Cursed administration led by the fake president

This madam should re-address this matter in an intervening manner... As in can she talk this on a live show whilst we call in and ask questions..

Buhari has a cursed destiny. His own destiny is to ruin good things. If given AlikoDangote's wealth, Buhari will become a pauper in 2 months.

Nigeria economy is not fragile anything you people are busy gathering the money stashing it underground sharing it among yourselves.

What are they doing with all the monies our billionaires are contributing?

...and what's the situation now?

What's your plan for the hungry Nigerians

Nigeria economy is braking apart bits by bits

Again, No be you say we have the strongest economy in Africa before!

Was it ever strong?

True confession

Recession 🌚

I laff Shebi BuBu was busy sacking every other regions in key post in Nigeria and replacing them with northerners in every front Triberlistic government Refusing brain box and competent people Now oya handle this shit now Let's get started 🤣🤣🤣🤣🤣🤣🤣🤣

the new cabinet guys always try to show good their Boss their ability to weather the storm. this country needs theTruth. If only they told the Truth, why?, The budget's a hoax. Our people with our Too know-quick to praise govt attitude will have a go. Let's passover C-19 first

Has the economy been able to walk since Buhari got into power? PDP crippled it and Buhari send it to coma! Now, resurrection is what we are praying for, unfortunately Buhari and the gang has no solution to it.

We never pray for a remote leader, this was the person that said Nigeria will be fine for the next six months if the pandemic persisted.

This administration will use corona virus as an excuse to their impotence

It wasn't fragile until APC came in. Leave covid-19 out first, this govt is trash

It has always been fragile since this frail man got into power in 2015.

Fragile as how did the FGN don’t have a wallet where they save money why fragile when you pay outrageous salaries to people that ain’t worth it why won’t the countries economy be fragile am so disappointed

Fragile with all sort of unimaginable under dealings among cabinet members courtesy of incompetence of the man in charge, MBuhari

You lots made it fragile! Criminals

So make we kuku break am ni... lazy leasers with no leadership ginger

People done they like without reading full story

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