Survivor  fund  Yobe State SUBEB recruitment portal

BREAKING : Prepare for massive economic crisis — CBN Governor tells Nigerians

1 min


The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday said the outbreak of the coronavirus pandemic would lead to massive economic crisis capable of throwing many countries into recession.

The committee said the COVID-19 pandemic would not only result in health crises, but also massive economic crises that would force even leading industrialised countries into recession.

The CBN Governor, Mr Godwin Emefiele, announced the position of the committee at the end of its two-day meeting held at the apex bank’s headquarters in Abuja.

Emefiele said the MPC underscored the COVID-19 pandemic as a public health crisis which would continue to undermine any monetary or fiscal stimulus unless appropriate measures were taken to trace, test, isolate and treat infected persons in order to curtail the spread.

READ ALSO  COVID-19: Conduct fresh test — Akwa Ibom govt tells NCDC, reject previous result of 5 coronavirus cases

While calling for a significant reduction in migration across the country, the governor said the committee urged the Federal Government to take the necessary steps to safeguard the population through close monitoring and emergency measures to identify and care for infected persons in the country.

– Punch

READ ALSO  SAD END!! Stay At Home Turns Bloody In Warri As Soldiers Killed Youth For Flouting Order

Like it? Share with your friends!

Jake Clifford

Jake Clifford is a Nigerian Born blogger and a fast growing Journalist, whose aim is to inform Nigerians with happening across Nigeria. Send story tips to him via [email protected] or

0 Comments

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.