Nigeria Needs to Support Economy to Avoid 'Depression'

Since the spread of the novel coronavirus worldwide, there has been a sharp drop in oil prices globally and as a result, Africa's biggest oil exporter has seen a sharp drop in its revenue. Nigeria also closed a large part of the economy to prevent the spread of COVID-19. All its airports are still closed except for essential flights, while businesses are only partially re-opened. Finance Minister Zainab Ahmed has said that the government is considering reopening the economy to prevent a depression.

InFocus

Minister of Budget & National Planning of Nigeria Zainab Ahmed during the 7th EITI Global Conference in Lima, Peru in 2016.

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