Zainab Ahmed admitted that the crash in crude prices would negatively affect the country’s revenue and foreign exchange earnings.
There were news reports yesterday that President Buhari had approved the suspension of the payment of interest on debts owed by state governments.
Flour Mills has made one of the largest contributions to the Coronavirus intervention fund set up by the CBN in collaboration with the private sector.
FG has rejected calls from some experts for reduction of taxes as part of the palliatives to reduce the adverse socio-economic effect of the coronavirus.
The coronavirus knows no boundaries, so governments across the world are struggling to protect their populations and their economies as best they can.
Nigeria is feeling the heat and that is because its sole dependence on oil has made it suffer a Twin Shock.
The Federal Government has exempted the banking and financial services sector to offer some skeletal services during the curfew period.
The Minister for Finance, Budget and National Planning, Zainab Ahmed, has warned that Nigeria might go into another round of recession.
FG, in response to the economic woes caused by COVID-19, has announced that it has cut its revenue target from privatisation by 50%.
Members of FAAC have disagreed over the amount presented by revenue-generating agencies for allocation to FG, State and Local governments.