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Business News of Thursday, 2 April 2020

Source: www.mynigeria.com

Pay salaries this month- Buhari directs Finance Ministry

President, Major General Muhammadu Buhari (retd.) President, Major General Muhammadu Buhari (retd.)

President, Major General Muhammadu Buhari (retd.) has asked the Ministry of Finance to make sure salaries are paid during this period.

Minister of Finance, Budget & National Planning, Zainab Ahmed made this disclosure while fielding questions from State House Correspondents, in Abuja.

The President also directed the ministry to ensure that critical infrastructure like roads, rails are protected, and as much as possible use local inputs so that the country retains value within her economy.

In addition, he asked that measures that protect the poor and vulnerable should be in place.

On her own part, the finance minister briefed the Buhari on current happenings around the world due to COVID-19 and the impact on the nation’s economy.

"This meeting was just to brief Mr. President as the situation we are in keeps evolving daily. As the health crisis gradually expands, affecting states, and also the lockdown that has been ordered to help curtail the expansion of the health crisis.

“The consequences of the lockdown are the additional slowing down of the economy and we are to consider the measures that we need to take to mitigate the negative consequences of the slow trade and businesses,” she said.