President Muhammadu Buhari on Thursday direct the Ministry of Finance, Budget and National Planning to pay salaries.
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 at Aso Rock Villa, after meeting with the President.
She said the Committee briefed the president on current happenings around the world due to COVID-19 and the impact in the nation's economy.
On directives given, Ahmed said: "Well, he has directed that we should make sure that salaries are paid, make sure critical infrastructures like roads, rails are protected, as much as possible use of local inputs so that we retain value within our economy. And also make sure we put out measures that protects the poor and the vulnerable".
On the purpose of the meeting, she said, "This meeting was just to brief Mr. President as the situation we are in keeps evolving on a daily basis. As the health crisis gradually expands, affecting states and also the lockdown that has been ordered to help curtail expansion of the health crisis.
The consequences of the Lockdown is 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.
Also speaking, Minister of State Petroleum Resources, Timipre Sylva, who is also a member of the Committee, said the economy is not in the best of shape due to COVID-19 and oil prices are collapsing everyday. Hence the need for the president to be constantly briefed.
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said the economy is not looking as simple as everyone thought it would be.
He said: "The global economy naturally like all we know at this time will 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 better for it.
Other Members of the Committee are Minister of State, Budget and National Planning, Clement Agba and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mela Kyari.
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