Time to rebuild the economy and prioritize public spending (Business Day)

Business Day published an article on the shocks from the COVID-19 pandemic that hit Nigeria when its shock absorbers were at their weakest. COVID-19 worsened the country’s economy. According to IFPRI, COVID-19 lockdowns are imposing substantial economic costs on countries in Africa, the Nigerian Agriculture GDP contracted by -14 percent in April/May 2020. Export crops such as sugarcane, beverage crops, and other crops declined due to falling export demand and input supply disruptions.