“In every challenging situation such as the current one, there are also opportunities. Our region must therefore seek to find those opportunities provided by this gloomy global outlook for its benefit by embarking on the implementation of such critical policies, which before now, will be difficult to accept.” he said

a. The reduction of interest rates on all applicable Central Bank of Nigeria (CBN) interventions from 9 to 5 percent and introduction of a one- year moratorium on CBN intervention facilities;
b. The inauguration of Presidential Task Force to coordinate national efforts to combat the spread of the virus and ensure efficiency and effectiveness in line with the Nigerian Action Plan on Health Security;
c. The provision of relief materials including medical and food supplies as well as conditional cash transfers of N20, 000 each for poor and vulnerable households and ;
d. The establishment of more isolation centers and testing facilities to contain the spread of the virus.

“At a time of global uncertainty such as this, caused by the devastating impact of the COVID-19, let me convey Nigeria’s solidarity with all the Member States as we collectively battle to defeat the pandemic. I am greatly saddened by loss of numerous lives and extend my heartfelt condolences to families of those who have lost loved ones throughout the region. I also wish infected victims speedy and full recovery.” he said