![NGF logo](/image/ngfb1.jpg)
Please use this identifier to cite or link to this item:
http://ngfrepository.org.ng:8080/jspui/handle/123456789/1131
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Economic Sustainability Committee | - |
dc.date.accessioned | 2020-09-02T14:40:43Z | - |
dc.date.available | 2020-09-02T14:40:43Z | - |
dc.date.issued | 2020-03-30 | - |
dc.identifier.citation | Economic Sustainability Committee (2020) BOUNCING BACK: NIGERIA ECONOMIC SUSTAINABILITY PLAN | en_US |
dc.identifier.uri | http://ngfrepository.org.ng:8080/jspui/handle/123456789/1131 | - |
dc.description.abstract | Following the health and economic emergencies caused by the COVID-19 pandemic, His Excellency, President Muhammadu Buhari established the Economic Sustainability Committee (ESC) on March 30, 2020. The COVID-19 pandemic has created severe Economic consequences for all countries around the world. Nigeria has also been very badly hit. The lockdowns have frozen economic activities, causing massive job losses and supply chain disruptions. It has also depressed the demand for crude oil and precipitated an unprecedented oil price crash. Nigeria’s dependence on oil for revenue and foreign exchange makes it particularly vulnerable in this situation.It is expected that if oil prices average $30 over the rest of the year, oil revenues (assuming Nigerian National Petroleum Corporation reduces Joint Venture operating costs by 20%), would amount to about N88.4 billion monthly. Assuming that non-oil revenues are sustained at the lower level projected in the revised budget estimates, the total allocations to FAAC for the rest of the year would then be around N485 billion a month. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Federal Republic of Nigeria | en_US |
dc.subject | ECONOMIC | en_US |
dc.subject | SUSTAINABILITY | en_US |
dc.subject | PLAN | en_US |
dc.subject | NIGERIA | en_US |
dc.title | BOUNCING BACK: NIGERIA ECONOMIC SUSTAINABILITY PLAN | en_US |
dc.type | Working Paper | en_US |
Appears in Collections: | BOUNCING BACK: NIGERIA ECONOMIC SUSTAINABILITY PLAN |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
NIGERIA ECONOMIC SUSTAINABILTY PLAN.pdf | 1.01 MB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.