The Minister of Works and Housing, Babatunde Fashola, has
lamented that Nigeria is heading towards recession, following the coronavirus
pandemic.
Fashola, a former governor of Lagos State made the
disclosure while featuring on Channels Television’s Politics Today.
He, however, assured that Nigerian government was working
towards bringing back the country’s economy.
The Minister also blamed the pandemic for the slow pace of
work on the Lagos-Ibadan expressway.
He stated that the COVID-19 outbreak has affected
construction activities and government revenue.
According to Fashola: “As I speak to you now, we have lost
essentially the prime of our working period which is the dry season in the
COVID-19 period.
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“We have also lost some of our expected revenue plans. At
the time COVID-19 hit Nigeria, we were doing 2.59 percent growth rate.
“Now we are heading for a recession globally and Nigeria
will not be insulated from that.
“We are working on plans to bring the economy back on
track.”
Nigeria as at Thursday night had recorded 11516 confirmed
COVID-19 cases.
This followed the confirmation of 350 new COVID-19 cases by
the Nigeria Centre for Disease Control, NCDC.
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Everyone now is CBN governor or Minister of finance talking authoritatively on the economy. Is this not a case of Jack of all trade?
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