Governor Emefiele outlines 8-point agenda for better post Covid-19 Nigeria
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overnor of the Central Bank, Godwin Emefiele Tuesday outlined an eight-point agenda for turning the pain from the current Coronavirus tragedy into good for Nigeria. “I believe we must now envision and work toward a Nigeria
with the cutting edge medical facilities to provide world class care to the sick and vulnerable, enable our universities and research institutions to provide the requisite education and training that is required to keep these ecosystems functioning sustainably and efficiently, and
millions of Nigerians employed in meaningful and well-paying jobs. This is the Nigeria that we
Full text at the back page must aspire to build.” To achieve this, he said, firstly Nigeria would require building a
base of high-quality infrastructure including reliable power that can engender industrial activity; supporting both smallholder and large-scale agriculture production in select staple and cash crops. The apex bank chief also listed the urgent requirement
to creating an ecosystem of factories, storages, and logistics companies that move raw materials to factories and finished goods to markets and using our fiscal priorities to create a robust educational system that Continues on page 27
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GenCos, states to take stakes in DisCos See page 27
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World Bank warns ‘copy-cat’ lockdowns could jeopardise African economies ...experts suggest alternatives for big informal economies like Nigeria SEGUN ADAMS
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s African governments deploy a series of emergency measures to fend off the novel coronavirus, structural features of their economies should shape the policy responses that are designed and implemented, said the World Bank in a recent report, warning that a copy-and-paste of western responses may not serve the continent well. Lockdown, restriction of Continues on page 27
Inside Some members of the Lagos State Executive Council after a meeting with Governor Babajide Sanwo-Olu on the government’s palliative measures at the Government House, Marina. L-R: Gbolahan Lawal, agriculture commissioner; Abisola Olusanya, special adviser, agriculture; Obafemi Hamzat, deputy governor; Rabiu Olowo, commissioner for finance; Gbenga Omotoso, information and strategy commissioner, and Gboyega Soyannwo, deputy chief of staff.
Nigeria’s economy to contract by-3.4% in 2020, says IMF P. 26